Binance Covers $6.3 Billion in Hacker Attack Losses and Announces Industry Revenue Data
2026-11-02 13:04:44
According to CoinMeta, Binance used its own funds, SAFU funds, and futures insurance funds to cover approximately 95% of the losses from a $6.3 billion hacker attack last week, and reopened withdrawals on November 1st. Meanwhile, Binance listed the income situations of major participants in the crypto industry over the past year, with Binance estimating revenue to be between $5 billion and $10.7 billion, Tether at $5.96 billion, Coinbase at $5.65 billion, Circle at $2.38 billion, HyperLiquid at $663 million, Tron at $334 million, Pump ( DOT ) fun at $330 million, Grayscale at $197 million, Sky at $193 million, and GMGN at $158 million (source: Bloomberg).
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