the company announced on X (formerly Twitter). An additional $3 billion in stolen assets has already been frozen, according to ABC News.

Of the allocated funds, $5 billion is already held in the same tokens affected by the attack, while the exchange is acquiring the remainder through both on-exchange and over-the-counter (OTC) channels. This process may take some time due to the low liquidity of certain coins. Binance is working with the FBI and the U.S. Secret Service, as well as token issuers and blockchain analytics firms, to track, freeze, and recover further assets. The company has pledged to verify the security of all user assets moving forward through a "Proof of Reserves" mechanism.

Earlier on Thursday, Binance reported a major security incident resulting in total losses of approximately $6.3 billion. The exchange suspended all deposits and withdrawals, promising to cover all client losses using its Secure Asset Fund for Users (SAFU) and the company’s own capital.

Preliminary investigation findings suggest that an attacker gained access via a compromised laptop belonging to a DevOps engineer, enabling them to initiate unauthorized withdrawal requests. This potentially marks the largest theft in the history of the crypto industry; the previous record was approximately $1.5 billion, stolen from the exchange Bybit in February 2025.