Binance $6.3B record hack sparks pre-election political chatter

Soon after the $6.3 billion hack of Binance, the biggest in crypto history, a few political and administration figures began offering opinions, with a US election approaching on Nov. 3 and voting already having begun in many locations.

President Donald Trump was asked at a news conference on Friday about the hack of Binance. “We don’t know. We’re looking at that, the hack with Binance. They’re saying they’re going to get it back, they’re saying they’re guaranteeing it,” he replied.

The crypto exchange said in a post on X late Friday that it would cover any losses. “We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.”