Binance replenishes 90% of stolen assets following multibillion-dollar exploit
Binance has replenished 90% of the funds lost in a recent security exploit exceeding $6.3 billion, fully backing 10 major tokens while preparing to reopen customer withdrawals on Nov. 1.
Binance announced that it has replenished 90% of the assets lost in a recent security exploit, increasing coverage from a prior milestone of roughly 80%. The exchange had previously allocated over $6.34 billion in corporate funds to cover the stolen balances and stated that it will directly absorb the full financial impact of the incident rather than imposing losses on its users.[4][3][2][1]
According to updates detailed by Solid Intel, 10 primary digital assets are now 100% backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC. Binance stated that the remaining 10% of impacted assets consists of less liquid tokens that are currently being acquired through open market and over-the-counter channels. The restoration effort relies on capital drawn from the Secure Asset Fund for Users (SAFU), the futures insurance fund, and corporate treasury reserves.[5][7]
To document the restoration, Binance took a new Proof of Reserves snapshot on Oct. 31, with zero-knowledge verification expected by Nov. 3. The platform confirmed it remains on track to reopen user withdrawals within its stated timeframe on Nov. 1, while working to restore SAFU back to approximately $1 billion.[4][6][7]
Key facts
- Binance has replenished 90% of assets lost in its recent hack after setting aside more than $6.34 billion in company funds.
- Binance stated that it will absorb the financial impact of the stolen funds rather than passing losses to users.
- Ten major tokens are now 100% backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC.
- The remaining 10% consists of less liquid tokens being acquired through spot market and over-the-counter channels.
- Replenishment draws from SAFU, the futures insurance fund, and Binance's corporate treasury.
- A new Proof of Reserves snapshot was conducted Oct. 31, with zero-knowledge verification expected by Nov. 3.
- Withdrawals are scheduled to reopen on Nov. 1, 2026.
- Binance plans to restore the SAFU fund balance to approximately $1 billion.
Sources 路 4 sources
- CR
Crypto Rover@cryptoroverPost on X 路
BREAKING: Binance says it already replenished 90% of the $6.3 BILLION lost in the crypto hack. 10 cryptocurrencies, including $BTC, $ETH and $SOL, are now fully backed. HUGE WIN FOR CRYPTO! 馃殌 https://t.co/go4KCz46Mr
Open source - *B
*Walter Bloomberg@DeItaonePost on X 路
BINANCE ON HACK: WILL ABSORB THE FINANCIAL IMPACT OF THESE STOLEN FUNDS, NOT OUR USERS
Open source - *B
- CB
Crypto Briefing@Crypto_BriefingPost on X 路
馃敟JUST IN: Binance says it has covered 90% of funds stolen in its recent hack, with 10 major tokens now fully backed and withdrawals expected to resume tomorrow. https://t.co/g0NSZlWoKL
Open source - *B
*Walter Bloomberg@DeItaonePost on X 路
BINANCE: ALL BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, AND ZEC ARE FULLY BACKED 100%
Open source - *B
*Walter Bloomberg@DeItaonePost on X 路
BINANCE ON HACK: WE REMAIN ON TRACK TO REOPEN WITHDRAWALS WITHIN OUR PREVIOUSLY STATED TIMEFRAME (ON SUNDAY, 2026-11-01)
Open source - SI
Solid Intel 馃摗@solidintel_xPost on X 路
INTEL: Binance says 90% of $6.3B hack losses have been replenished, with 10 major assets fully backed - BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now reportedly 100% backed. - The remaining 10% consists of less liquid tokens still being acquired through market and OTC channels. - Replenishment draws on SAFU, the Futures insurance fund and corporate treasury. A new Proof of Reserves snapshot was taken on October 31, with zero-knowledge verification expected by November 3. Withdrawals are scheduled to resume on November 1, while SAFU will be replenished to approximately $1B.
Open source