Bitcoin Magazine reports that Binance claims it has fully covered the $6.34 billion stolen in a hack on October 29. The exchange states that user funds are secure, compensated from its SAFU insurance fund and treasury. Binance has also released a 198-token proof-of-reserves snapshot, which users cannot independently verify at this time.
Based on the Bitcoin Magazine report; not independently verified.
Source published: Thu, 12 Nov 2026 19:12:14 +0000
[Read the original report](https://bitcoinmagazine.com/news/binance-covers-6-34-billion-hack)
CNM Watchlist + audio
Keep up with the names you follow.
Follow up to 20 supported tokens and companies. Bring their relevant news, reported risk alerts and short explanations into one feed, with audio when you want to listen.
- ✓ What changed, why it matters, what to watch next
- ✓ Story summaries and news-desk audio
- ✓ Custom briefings of up to four stories
- ✓ Saved follows across your devices
US$5/month · introductory offer
Create your free account first, then subscribe securely through Stripe. No charge for creating an account. Monthly renewal; cancel anytime. 14-day money-back guarantee on your first payment.
Public news stays free. Watchlist does not unlock additional premium article sections. In-app alerts update while the app is open. Audio depends on service availability and shared limits. Full plan details