Binance Covers 90% of Hack Losses, Withdrawal Dates Still Pending

Binance reported covering 90% of losses from a hack, with major assets fully backed. The exchange continues buying less liquid tokens to cover the remaining 10%. The October 29, 2026 attack drained hot wallets across 10-11 blockchains, with losses estimated at $6.3 billion, potentially the largest crypto theft ever. Binance claims only company funds were stolen, not client money, and has frozen about $3 billion with partners. The exchange is purchasing remaining illiquid tokens through exchange and over-the-counter deals. Withdrawal resumption dates for affected assets have not yet been specified.