Key facts
- Binance said company funds fully covered a $6.34 billion hack, according to the report.
- The report did not state when the hack occurred or which assets were affected.
- No independent confirmation of the $6.34 billion figure was provided.
Binance said it has fully covered a $6.34 billion hack using company funds, according to a report published on November 12, 2026. The exchange's statement gave no date for the incident, no breakdown of the assets involved and no account of how the loss was absorbed.
The $6.34 billion figure rests on Binance's own account of its conduct and has not been independently corroborated in the report. The report did not say whether customer balances were affected or whether withdrawals or trading were disrupted at any point.