Binance expects to partially deploy SAFU fund within 24 hours after $6.3 billion breach

The exchange says company funds already cover most losses, with SAFU set to fill the remaining gap before withdrawals resume Binance expects to partially deploy its Secure Asset Fund for Users, better known as SAFU, within the next 24 hours. The move follows a security breach that drained approximately $6.3 billion in crypto from the exchange’s hot wallets. The announcement came on October 31, 2026. The breach itself occurred two days earlier, on October 29, and involved unauthorized withdrawals from the exchange’s internet-connected wallets. The headline number is large, but Binance says it is not starting from zero.