Binance hack: $6.34bn reimbursement complete

Binance says it has replaced all customer holdings drained in the attack of October 29, 2026. On November 12 the exchange posted on its @binance account on X: “Binance has completed coverage of assets impacted in the security incident.” According to Yonhap and crypto.news, the company spent more than $6.34 billion of its own money on the reimbursement. Customers did not have to file any claim; Binance closed the gap on its own balance sheet.

What is still missing is the proof anyone can verify for themselves. Binance plans to deliver the cryptographic proof for the new reserve snapshot only in the coming days, and withdrawals are still being reopened in phases. This overview sets out what has been documented, what is missing and what investors can take from it. Figures are as of Friday, November 13, 2026, around 12:50 CET.

Binance reimbursement: what the exchange announced on November 12

According to crypto.news, the announcement came on Thursday evening. Binance reported two things at once: the holdings hit by the hack were fully covered, and a new snapshot for its proof of reserves had been published. A proof of reserves is a point-in-time record with which an exchange shows that for every unit of a coin credited to customers, it holds at least one unit itself.