🚨 BINANCE SECURITY UPDATE: 90% OF AFFECTED ASSETS REPLENISHED — WHAT USERS NEED TO KNOW
A major security incident has put Binance under the spotlight. But the latest recovery update brings an important development.
According to Binance's official announcement on October 31:
📌 Here are the key facts:
🔹 1. Approximately 90% replenished
Binance says it has replenished around 90% of the assets affected by the security incident, up from approximately 80% in its previous update.
🔹 2. Ten major tokens fully backed
Binance reports 100% reserve backing for:
$BTC , $ETH , USDT, $BNB , SOL, USDC, XRP, USD1, RLUSD, and ZEC.
🔹 3. More than $6.34 billion allocated
Binance says it set aside company funds to cover the losses, using resources that include SAFU, a portion of the Futures Insurance Fund, and corporate funds.
🔹 4. Proof of Reserves update
A new reserve snapshot was taken on October 31. The complete zero-knowledge proof is expected on November 3 (UTC), according to Binance.
🔹 5. What about withdrawals?
Binance says withdrawals are expected to resume on Sunday, November 1, subject to final confirmation and security checks.
⚠️ MY TAKE:
This incident highlights an important lesson for every crypto user:
Don't judge an exchange only by its trading volume, number of listed coins, or popularity.
Security controls, transparent reserve reporting, incident response, and the ability to verify your own balances matter.
👇 LET'S DISCUSS:
What matters most to you when choosing a crypto exchange?
A) Security and asset protection
B) Proof of Reserves
C) Trading fees and liquidity
D) Products and available opportunities
Comment A, B, C, or D — and tell us why.
#CryptoSecurity #ProofOfReserves #safu #CryptoNews #BinanceSquare
This post summarizes Binance's public statements as of October 31, 2026. Withdrawal resumption was expected, not yet confirmed in that update. Always verify the latest official announcements.
A major security incident has put Binance under the spotlight. But the latest recovery update brings an important development.
According to Binance's official announcement on October 31:
📌 Here are the key facts:
🔹 1. Approximately 90% replenished
Binance says it has replenished around 90% of the assets affected by the security incident, up from approximately 80% in its previous update.
🔹 2. Ten major tokens fully backed
Binance reports 100% reserve backing for:
$BTC , $ETH , USDT, $BNB , SOL, USDC, XRP, USD1, RLUSD, and ZEC.
🔹 3. More than $6.34 billion allocated
Binance says it set aside company funds to cover the losses, using resources that include SAFU, a portion of the Futures Insurance Fund, and corporate funds.
🔹 4. Proof of Reserves update
A new reserve snapshot was taken on October 31. The complete zero-knowledge proof is expected on November 3 (UTC), according to Binance.
🔹 5. What about withdrawals?
Binance says withdrawals are expected to resume on Sunday, November 1, subject to final confirmation and security checks.
⚠️ MY TAKE:
This incident highlights an important lesson for every crypto user:
Don't judge an exchange only by its trading volume, number of listed coins, or popularity.
Security controls, transparent reserve reporting, incident response, and the ability to verify your own balances matter.
👇 LET'S DISCUSS:
What matters most to you when choosing a crypto exchange?
A) Security and asset protection
B) Proof of Reserves
C) Trading fees and liquidity
D) Products and available opportunities
Comment A, B, C, or D — and tell us why.
#CryptoSecurity #ProofOfReserves #safu #CryptoNews #BinanceSquare
This post summarizes Binance's public statements as of October 31, 2026. Withdrawal resumption was expected, not yet confirmed in that update. Always verify the latest official announcements.
