{"id":5226,"date":"2026-10-31T21:17:09","date_gmt":"2026-10-31T21:17:09","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/31\/binance-says-has-covered-90-of-6-3-billion-hack-losses\/"},"modified":"2026-10-31T21:17:09","modified_gmt":"2026-10-31T21:17:09","slug":"binance-says-has-covered-90-of-6-3-billion-hack-losses","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/31\/binance-says-has-covered-90-of-6-3-billion-hack-losses\/","title":{"rendered":"Binance says has covered 90% of $6.3 billion hack losses"},"content":{"rendered":"<div><img width=\"930\" height=\"523\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/Binance-says-has-covered-90-of-6.3-billion-hack-losses.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Binance\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/Binance-says-has-covered-90-of-6.3-billion-hack-losses.jpg 930w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2024\/02\/Binance-1-300x169.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2024\/02\/Binance-1-768x432.jpg 768w\" sizes=\"(max-width: 930px) 100vw, 930px\"><\/p>\n<p class=\"wp-block-paragraph\">Cryptocurrency platform Binance said Saturday it has used company money to buy tokens to replenish 90 percent of $6.3 billion stolen in a huge hacking attack.<\/p>\n<p class=\"wp-block-paragraph\">\u201cOur commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident,\u201d the company said on X.<\/p>\n<p class=\"wp-block-paragraph\">Binance, the world\u2019s largest crypto exchange by daily trading volumes, said the remaining 10 percent of tokens are \u201cless liquid, which means they may take longer to source in the required amounts.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The company said it has set aside more than $6.34 billion in company funds to cover losses in the hack.<\/p>\n<p class=\"wp-block-paragraph\">Binance said Friday it was working to resolve what it called a \u201ccomplex attack\u201d with several \u201cpoints of breach.\u201d Investigators pointed to hackers linked to North Korea as being responsible.<\/p>\n<p class=\"wp-block-paragraph\">The prices of most major cryptocurrencies fell on news of the cyberattack.<\/p>\n<p class=\"wp-block-paragraph\">Binance suspended user withdrawals after the incident, but said in its latest update they were on track to resume Sunday.<\/p>\n<p class=\"wp-block-paragraph\">The attack on Binance came as many observers express worries that the ever-expanding capabilities of artificial intelligence models could compromise cryptography and IT security protocols.<\/p>\n<p class=\"wp-block-paragraph\">President Donald Trump said Friday the United States was looking into the hack, and the FBI said it was \u201cengaged with relevant public and private partners to understand the scope of the activity\u201d and was ready to investigate.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/10\/binance-says-has-covered-90-of-6-3-billion-hack-losses\/\">Binance says has covered 90% of $6.3 billion hack losses<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency platform Binance said Saturday it has used company money to buy tokens to replenish 90 percent of $6.3 billion stolen in a huge hacking attack. \u201cOur commitment remains the&hellip; <\/p>\n","protected":false},"author":1,"featured_media":5227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=5226"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/5227"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=5226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=5226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=5226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}