Binance, the world’s largest cryptocurrency exchange, has replaced 90 per cent of the $6.3 billion worth of assets stolen in a cyberattack on Thursday, the company said.
The remaining 10 per cent could take longer to secure in the required quantities, it added, reports BBC.
The company has repeatedly pledged to cover the full losses from what is believed to be the largest cryptocurrency heist on record.
It said it had allocated more than $6.34 billion in corporate funds to compensate for the stolen assets.
“Binance will absorb the financial impact of these stolen funds, not our users,” the company said in a statement on Saturday.
The Federal Bureau of Investigation (FBI) blamed North Korea for the attack in a statement issued on Saturday.
Earlier, two analytics firms told the BBC that they had strong intelligence linking the attack to the Lazarus Group, a North Korean state-backed hacking unit also known as TraderTraitor. The FBI specifically identified the group as being responsible.
Binance said it had replenished the stolen assets through various funding sources, including its corporate treasury.
The recovery covers all holdings of Bitcoin, Ethereum and Tether, as well as seven other widely traded cryptocurrencies, the company said.
Its next priority is to restore withdrawal services for users.
Binance said it remained on schedule to resume withdrawals on Sunday, 1 November, and would issue another update once the details were confirmed.
The incident is believed to be the biggest cryptocurrency theft in history, surpassing the $1.5 billion heist at the Bybit exchange in 2025. The FBI also attributed that attack to North Korea.
Pyongyang has consistently denied involvement in such cyberattacks.
Binance’s initial investigation indicated that hackers had compromised an engineer’s laptop, enabling unauthorised withdrawals.
However, a subsequent update revealed that investigators had identified “additional points of breach”.
Richard Teng, Binance’s co-chief executive officer, said multiple individuals had carried out the attack and used sophisticated techniques to conceal their activities, including a “self-destruct mechanism”.
On Friday, Binance said it had frozen around $3 billion worth of stolen assets through cooperation with law enforcement agencies, intelligence firms and industry partners.
The company said its investigation remained underway.
The US Secret Service said on Friday that it was “working around the clock” with private sector partners “to identify, freeze, trace, and recover funds” stolen from Binance.
Founded in China in 2017, Binance allows users to buy, sell and trade digital assets. The platform is estimated to have hundreds of millions of users worldwide.
Cryptocurrencies are digital assets that have no physical form and can be accessed through digital wallets or computers.
