Crypto firm Binance covers 90% of losses after $6.3bn hack

Binance, the world's largest cryptocurrency exchange, has covered 90% of the $6.3bn stolen in the largest crypto hack on record, believed to be conducted by North Korean state-backed hackers. The company is using its own funds to absorb losses and has restored withdrawals on several networks while investigations and asset recovery efforts continue.

This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 48 sources have reported it between 29 Oct 2026 and 13 Nov 2026.