Topic Archive

#SAFU Fund

7 Stories Found

Coins•Nov 1, 2026

Binance Resumes Crypto Withdrawals in Phases Starting With Bitcoin After $6.3 Billion Hack

Key Highlights: Blockchain intelligence firm TRM Labs identified billions in stolen crypto from Binance, attributing the massive cyberattack to the North Korean-linked group TraderTraitor. Binance is resuming customer withdrawals in phased stages contingent on individual network security checks, while confirming that 95% of impacted assets have already been replaced using internal reserves. The exchange affirmed ...

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Coins•Oct 31, 2026

Trump Speaks on $6.3B Binance Hack as FBI Confirms North Korea Link

Key Highlights: Federal agencies, led by the FBI, officially linked the massive theft of over $6 billion in virtual assets from Binance to North Korean cyber actors operating under the Tradertraitor banner. Binance has replenished 90% of lost balances by deploying over $6.34 billion from internal reserves, its SAFU emergency fund, and futures insurance reserves, ...

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Coins•Oct 31, 2026

Binance Addresses Hack: Details on Withdrawal Resumptions and User Compensation

Key Highlights: Binance has deployed internal reserves—including SAFU, surplus Futures Insurance Funds, and corporate treasury capital—to cover more than $6.34 billion in attack-related losses. A newly updated Proof-of-Reserves (PoR) snapshot was conducted, with full cryptographic zero-knowledge verification for 10 key cryptocurrencies slated for release by Tuesday, November 3. Security and infrastructure reviews are underway with ...

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Coins•Oct 30, 2026

Binance Allocates $6.34B to Cover Hack Losses and Outlines Withdrawal Timeline

Key Highlights: Binance has covered 79.4% of the $6.3 billion exploit impact in kind using its emergency SAFU reserve and corporate treasury, leaving approximately $1.3 billion to be acquired via open-market and OTC purchases. Withdrawals remain frozen since October 29 but are slated to resume in phases within roughly 34 hours of Friday’s update, with ...

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Coins•Oct 30, 2026

Binance and Binance TR Issue Update on Hack as Users Await Withdrawal Resumption

Key Highlights: Binance experienced a sophisticated breach with an estimated total impact of approximately $6.3 billion, of which around $3 billion has been frozen through coordination with blockchain partners. Initial assessments suspected a compromised DevOps engineer’s laptop, but ongoing forensic inquiries revealed broader breaches across systems. User funds are confirmed secure and will be fully ...

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Coins•Oct 29, 2026

Bitcoin Briefly Drops to $76,300 as Binance Confirms Estimated $6.3 Billion Hack

Key Highlights Binance confirmed an exploit with an estimated total impact of around $6.3 billion, with approximately $3 billion in affected assets already frozen on-chain. Binance leadership, including co-founder Yi He, stated that user funds are safe and all losses will be covered using the platform’s SAFU reserve and corporate funds. Following the incident and ...

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Coins•Sep 11, 2026

Binance Bitcoin Reserves Hit 2-Year High — Is Selling Pressure Building?

Binance Bitcoin Holdings Surge to 693,000 BTC, Highest Level in Nearly Two Years Binance’s Bitcoin (BTC) reserves have climbed above 693,000 BTC, marking the highest level in almost two years. According to data from CryptoQuant, the exchange’s holdings have risen by approximately 77,000 BTC since the end of April. Why Are Investors Moving Bitcoin to ...

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