Binance Covers 90% of $6.3 Billion Hack Losses, Attributed to North Korea
Binance announced it has covered 90% of losses from a $6.3 billion hack, attributed to North Korea, on October 30, 2026. The exchange purchased new tokens from its own sources to offset the damage. The event is being reported as a significant cybersecurity incident with geopolitical implications.
Where Sources Diverge
The amount of the hack is reported as $6.3 billion by Arab News, while the Saudi Gazette reports $6.34 billion.
$6.3 billion
$6.34 billion
The Saudi Gazette links the hack to Trump's consideration of North Korea's involvement, while other sources do not mention this connection.
Trump weighs North Korea link
No mention of Trump or North Korea
The exact date of the hack is reported as 2026-10-30 by Arab News, while the Saudi Gazette does not specify the date.
2026-10-30
No specific date
The method of covering losses is described as purchasing new tokens by Binance, while other sources do not specify the method.
Purchased new tokens from its own sources
No specific method mentioned
Sources
The cryptocurrency exchange purchased new tokens from its own sources.
Binance says it has covered 90 percent of losses from $6.3bn hack Arab News
Binance pledges to cover $6.34 billion hack as Trump weighs North Korea link Saudi Gazette
Hackers steal $6.3 billion from Binance in record heist blamed on North Korea Arab News