Binance Says It Has Covered $6 Billion of Losses From $6.3 Billion Hack

Binance says it has covered $6 billion of losses tied to a hack that stole $6.3 billion, with 10 tokens now fully backed by reserves. The disclosure gives a dollar total for losses covered and identifies tokens that have reached full backing, adding asset-level detail to the exchange's broader recovery update.

The fully backed list includes Bitcoin (BTC), Ether (ETH), USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. Binance also puts replenishment at about 90% of affected assets, up from 80% in an earlier update. That is a 10-percentage-point increase from the previous figure.

The $6 billion in covered losses is close to the $6.3 billion loss amount tied to the hack. Binance's update describes both the overall replenishment estimate and the status of the 10 listed tokens, with full reserve backing reported for each. The company describes those tokens as having reached 100% reserve support, while the broader figure tracks replenishment across affected assets.