INSIGHT · GLOBAL
Binance says 90% of $6.3 billion hack losses now covered; plans withdrawal resumption
Binance has restored backing for 90% of assets affected by a $6.3 billion hack and plans to resume customer withdrawals Sunday, subject to security checks. Full recovery timeline remains unclear.
WHY IT MATTERS
Demonstrates custodial risk in retail-facing crypto infrastructure; BFSI firms eyeing crypto custody or exchange partnerships must stress-test similar reserve-fund mechanics.
Source: CNBC · 2026-10-31