Michael Saylor Supports Binance’s Commitment to Compensate for $6.3 Billion in Hacker Losses
2026-10-31 00:50:13
According to CoinMeta, Binance's Executive Chairman Michael Saylor stated in a tweet on October 30th that he has confidence in Binance's commitment to compensate customers affected by the $6.3 billion hacker attack. He pointed out that Binance has set aside over $6.34 billion in company funds to replace the affected assets. According to Binance's recovery update, more than $6.34 billion in company funds have been allocated for this incident, of which $5 billion is in cryptocurrencies that were affected by the attack. Binance mentioned that they are purchasing the remaining tokens through market trading and over-the-counter trading channels to match the missing assets and make up for the shortfall. Binance's latest security notice indicates that deposits are operating normally, but the withdrawal service is still suspended and is expected to be restored within 48 hours.
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Source:Cryptonews
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