The exchange said $3 billion in assets has been frozen with assistance from industry partners.
The world’s largest crypto exchange, Binance, has pledged more than $6.3 billion from its own funds to cover losses resulting from Thursday’s record-breaking crypto theft, according to a Friday statement on X.
The company said $5 billion of the required amount was already held in the affected tokens, with the remaining amount being acquired through open-market and OTC purchases.
Binance added that it is purchasing the outstanding assets to ensure compensation matches the specific token types affected and addresses any shortfalls. However, the process may take longer for tokens with low liquidity and because OTC transactions require additional settlement time.
“Binance’s SAFU fund and Binance’s holdings include a large amount of assets such as BTC and ETH. We are currently buying, through OTC and on-exchange, all the stolen altcoins in fully matching amounts,” Yi He, co-founder and Co-CEO of Binance, stated.
Binance launched its Secure Asset Fund for Users (SAFU) in July 2018 as an emergency reserve to compensate users in extreme situations, including security breaches affecting the platform. As of February 2026, the exchange reported that SAFU held approximately $1 billion in crypto assets.
The company has begun recovering affected assets and said $3 billion has been frozen through cooperation with industry partners, with these figures separate from the funds reserved for compensation.
Binance continues to work with law enforcement, issuers, blockchain intelligence firms and other industry participants to trace, freeze and recover additional assets. It added that company resources will cover any confirmed shortfall and that all user funds will eventually be publicly verified through its Proof of Reserves.
