The decision came after hackers stole cryptocurrency worth around $6.3 billion from the platform. Binance, the world’s largest cryptocurrency exchange, resumed withdrawals of Bitcoin, Ether and some stablecoins on Sunday.
Binance said it had covered around 95% of the stolen amount by using its own company funds to buy replacement tokens. The exchange also said withdrawals of other affected cryptocurrencies would resume in phases, as reported by Reuters.
Binance had previously set aside $1 billion for this fund. Co-CEO Yi He said on Saturday that the company would use 50% of its SAFU funds to help cover the losses, according to Reuters. The company also promised to rebuild the fund and bring it back to around $1 billion. Binance had 335 million registered users worldwide, according to the company. It also held around $162.8 billion in customer assets, according to its 2025 annual report.
SAFU is a reserve created by Binance to protect customers in case of security problems or other emergencies. The attackers also used malicious software designed to delete evidence of their activities. This made it more difficult for investigators to trace the attack and understand how it happened. The company has been working to investigate the incident and recover the stolen assets. Binance worked to reassure customers that their funds were safe despite the security breach. The company allows users to buy, sell and trade digital assets such as Bitcoin and Ether. Binance founder Changpeng Zhao thanked US law enforcement agencies for helping the company after the attack. In a post on X, Binance also thanked the FBI for its support after the agency linked the hack to North Korea.
Cryptocurrency prices fell on Friday following news of the hack.
The exchange said it had internally set aside around $6.34 billion of company funds to cover the losses.
Binance has repeatedly said that it will take responsibility for the financial impact of the hack.
