6.3 billion USD hack SHOCKING: Binance compensates 90% of user assets

Binance was hacked for 6.3 billion USD and had to spend more than 6.34 billion USD to buy back stolen tokens, increasing the compensation rate of user assets from 80% to 90%. The exchange plans to restore the withdrawal portal on November 1. In the video: • Binance announced that it has spent more than 6.34 billion USD from financial resources to buy back tokens, increasing the compensation level for affected assets to 90%. • 10 major cryptocurrencies including Bitcoin, Ethereum, Tether, BNB, Solana, USDC, XRP, USD1, RLUSD and ZEC are guaranteed 1:1 ratio. • The remaining 10% of losses are mainly low liquidity tokens, Binance continues to buy additional on the free market and through direct transactions. • After a cyber attack that caused about 6.3 billion USD in assets to be stolen, Binance implemented measures to trace and recover cryptocurrencies. • Co-CEO Richard Teng pledged that users will not suffer financial losses, while the withdrawal portal is expected to reopen on November 1. Timeline: 0:00 Binance raises compensation to 90% 0:12 Spends more than 6.34 billion USD to buy back tokens 0:24 10 secured cryptocurrencies 1:1 0:42 Continues to compensate 10% of remaining losses 0:57 Cyber attack 6.3 billion USD 1:09 Richard Teng commits to protecting users Compensation rate and time to reopen withdrawal portal are stated according to Binance's announcement at the time of posting. News sources: Dan Tri (November 1, 2026), VnExpress (October 31, 2026), News Newspaper (October 31, 2026). Music: WinnieTheMoog – Ambient Corporate (CC BY 4.0). Information about the compensation rate and time to reopen the withdrawal portal according to Binance's announcement at the time of posting. Subscribe to the channel to stay updated on the latest developments about Binance and the cryptocurrency market. #BinanceBiHack #RichardTeng #TinKinhTe