Binance compensates for losses after hack: details and amounts

Binance has allocated over $6.34 billion of its own funds to compensate for damages from the largest hack in cryptocurrency history. This amount is drawn from the company's internal reserves and is intended to fully reimburse verified user losses.

The recovery strategy includes several key stages.

Of the allocated funds, approximately $5 billion is already held in the same tokens that were affected by the attack. The remaining portion covers the shortfall, with the exchange acquiring missing assets on spot and over-the-counter (OTC) markets. This process may take time due to low liquidity of certain assets.

Parallel to compensation efforts, work is underway to recover stolen funds. Through collaboration with partners, about $3 billion in illicit funds have been frozen. These funds are not included in the total compensation sum as they remain the property of users. Binance, together with law enforcement agencies, is working on their return.

Exchange founder Changpeng Zhao confirmed the launch of the token repayment process. He also noted that users paying fees in trading pairs indirectly build the platform's reserves. In the future, the company plans to publish a Proof of Reserves report to confirm financial stability.