Binance said on Thursday that it has completed coverage of the assets taken in the October 29 breach, committing more than $6.34 billion of company funds to the task, according to its official announcement.

The exchange said it acquired the affected tokens through both market and over-the-counter channels. Over-the-counter purchases are negotiated directly with counterparties rather than executed on the open order book, an approach commonly used for large transactions to limit market disruption.

Binance operates the world's largest cryptocurrency exchange by trading volume and has a track record of absorbing losses from security incidents through dedicated reserves. In July 2018, the company established the Secure Asset Fund for Users (SAFU), an emergency insurance pool financed by a share of trading fees. In May 2019, a breach led to the theft of 7,000 bitcoin — worth roughly $40 million at the time — and Binance used the fund to cover affected user balances in full. The October commitment, however, is of a far different magnitude: at more than $6.34 billion, it is more than 150 times the roughly $40 million covered in 2019, continuing Binance's practice of absorbing security losses through company-backed funds.

This report was first published by COINOTAG on Nov. 12, 2026: COINOTAG