Michael Saylor backs Binance’s pledge to repay users after record breach

The Strategy executive chairman says Binance will cover losses from its own balance sheet and expects the industry to come out of the incident stronger Michael Saylor is publicly backing Binance after what is being described as the largest recorded digital asset theft. He expects the exchange to make affected customers whole. The Strategy executive chairman also argued that the industry will learn from the incident. That is an optimistic read on a breach Binance estimates at approximately $6.3 billion. The security breach took place on October 29-30, 2026, and hit digital assets spread across multiple blockchains.