Cryptocurrency exchange Binance has pledged to absorb the entire $6.3 billion loss from an October 29 cyberattack, rather than passing the financial burden to its customers.
Hackers compromised the exchange's hot-wallet infrastructure, prompting temporary withdrawal restrictions and an emergency recovery operation.
Binance says it has replenished approximately 95% of the affected assets using its corporate treasury, Secure Asset Fund for Users (SAFU) and other internal reserves.
In a November 2 update, the company announced independently verifiable proof of reserves confirming that ten major cryptocurrencies, including Bitcoin, Ether and USDT, are backed at least one-to-one.
Withdrawals began reopening in phases on November 1, while Binance continues replacing less-liquid assets and pursuing recovery of stolen funds.
The attack highlights longstanding concerns about cryptocurrency exchange security and the growing costs of hacking.
Binance previously reported that approximately $3 billion had been frozen on-chain. However, freezing stolen assets is not equivalent to recovering them, and the full security investigation remains ongoing.