After reporting roughly $6.3 billion in unauthorized withdrawals on October 29–30, 2026, Binance received support from Coinbase, Bybit, OKX, Tether and Circle. Coinbase blocked transactions headed to compromised addresses, while Tether and Circle froze approximately $971 million and $823 million, respectively, in assets tied to the hack. Binance will make affected users whole using its Secure Asset Fund for Users, known as SAFU, and excess reserves totaling $6.34 billion. The exchange subsequently resumed withdrawals in phases, with deposits exceeding withdrawals at certain points, and is counting on stronger industry cooperation on security.
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