Binance says it has set aside more than $6.34 billion in company funds to cover losses from the record cryptocurrency theft, including $5 billion held in the same tokens that were stolen. The exchange says the holdings will be included in its next proof-of-reserves report, although independent verification remains pending.
According to Cointelegraph, a Binance spokesperson said the $5 billion in matching assets is held in Binance custody. The exchange has not said when it acquired the tokens and declined to identify the relevant wallet addresses, citing security concerns.
The announcement came after Binance confirmed that approximately $6.3 billion in cryptocurrency had been stolen in what it described as the largest crypto theft on record. Blockchain intelligence firm TRM Labs said funds were drained from Binance wallets across 10 blockchains on Thursday and attributed the attack to the North Korean hacking group TraderTraitor.
What Binance says it has set aside
Binance said its total company funds allocated to cover the losses exceed $6.34 billion. Of that amount, $5 billion is already held in the precise token assets needed to replace the stolen cryptocurrencies, according to the exchange.
The company has not confirmed which tokens it still needs to purchase, when any remaining purchases will be completed or how much of the stolen crypto has been recovered. Binance also said about $3 billion in affected assets had been frozen with help from blockchain partners. Those frozen assets are not included in the company funds it set aside for covering losses.
The exchange plans to show the matching holdings in its next proof-of-reserves report. Such reports are intended to show the assets held by a crypto exchange against customer balances, providing information about whether the platform has assets corresponding to what customers are owed. Binance said the wallet addresses would not be published at this stage.
Binance also said it provides weekly reports on its company funds to the Financial Services Regulatory Authority, the regulator of Abu Dhabi Global Market in the United Arab Emirates. The exchange said that reporting requirement was already in place before the hack.
Independent verification remains unresolved
CertiK said it would need additional information from Binance before it could determine whether the claimed $5 billion in matching tokens could be independently verified on-chain. On-chain verification generally involves examining publicly visible blockchain records, but the exchange’s decision not to disclose wallet addresses limits what outside parties can currently check.
Earlier on Friday, CertiK CEO Ronghui Gu estimated that approximately $3 billion in frozen assets, combined with Binance’s $1.17 billion emergency fund, could cover about 66% of the reported losses. That calculation implied a potential shortfall of around $2.1 billion.
Gu said the estimated gap amounted to about 1.3% of Binance’s reported $165 billion in exchange reserves. Those reserves are described as assets backing customer balances, making the scale and location of the replacement funds relevant to confidence in the exchange’s ability to meet its obligations.
Nansen, a blockchain analytics company, said it could not verify what funds Binance had available beyond its approximately $1.16 billion emergency fund or determine where the money needed to cover the remaining losses would come from.
Binance points to revenue and existing holdings
Binance founder Changpeng Zhao said the company’s holdings in SpaceX alone were worth more than $1 billion. Those holdings are linked to a $500 million investment connected with Elon Musk’s takeover of Twitter.
Binance co-founder Yi He said the exchange’s revenue for the year was sufficient to cover the losses and that Binance did not need to sell its SpaceX stake. Zhao also said the exchange accumulates cryptocurrencies listed on its platform because customers can use those tokens to pay trading fees. Gulf, Binance’s partner in Thailand, had also offered financial support, he said.
Zhao stepped down as Binance chief executive in 2023 and later served four months in a US prison over anti-money-laundering violations. He remains a major Binance shareholder. Forbes estimated his personal fortune at approximately $115 billion.
The dispute over the replacement assets now centers on transparency as well as funding. Binance has stated that the necessary tokens are in its custody and will appear in its next reserves report, while outside analysts say they still lack enough information to verify the claim independently.
Moneyiar market picture
Moneyiar market data at the given times show BNB at $711.5134921781, up 0.88% over 24 hours but down 3.73% over seven days, as of November 1, 2026, at 12:43 p.m. +03:30.
Ethereum Name Service (ENS) was priced at $4.9087131321, down 1.02% in 24 hours and 6.62% over seven days, as of 12:44 p.m. +03:30. Nexus (NEX) stood at $0.0000006834, down 3.87% over 24 hours but up 13.56% over seven days, as of 12:43 p.m. +03:30. WOULD was $0.0351412837, up 0.33% over 24 hours and 10.6% over seven days, according to Moneyiar data recorded on September 22, 2026, at 9:04 p.m. +03:30.
