Binance has a customer-funds incident on record (2019-05), shown as reimbursed; it remains eligible under our rules. Regulatory actions in the last 5 years on record: 1.
Data as of · Last updated · By VaultRubric Research · How we score · Not investment advice.
Binance has a customer-funds incident on record (2019-05), shown as reimbursed; it remains eligible under our rules. Regulatory actions in the last 5 years on record: 1.
This page answers “Is Binance safe?” only from VaultRubric's sourced record (security incidents, regulatory actions, licensing and protections), as of 2026-10-11. It is not a guarantee: no platform is risk-free, and safety also depends on how you use it (2FA, phishing, backups).
Security & track record: 3.0/10. base 7, +1 proof of reserves, −3 customer funds loss (2019-05), −2 criminal plea (2023-11)
Overall VaultRubric score across all exchange options we track: 35.3% (data coverage 100%). How incidents are scored · hack cap.
| Date | Type | What happened | Sources |
|---|---|---|---|
| 2019-05 | customer funds loss | 7,000 BTC (~$40M) hot-wallet breach; covered | cryptoexid.com |
Binance has a customer-funds incident on record (2019-05), shown as reimbursed; it remains eligible under our rules. Regulatory actions in the last 5 years on record: 1. No platform is risk-free; see the full record on this page.
Yes. 2019-05: 7,000 BTC (~$40M) hot-wallet breach; covered
Binance scores 35.3% across all exchange options we track, with 100% data coverage. See /methodology.