Binance just confirmed it has already replenished 90% of assets from the October 29 security incident — and users will not bear the cost.
On October 31, 2026, Binance published Security Incident Update #3: about 90% of stolen assets have been bought back with company resources, with a commitment to finish the remaining less-liquid 10%. Co-CEO Richard Teng stressed that users will not take the financial hit. A November 1 follow-up noted roughly $6 billion of the impacted amount was already covered, and the SAFU transfer of 7,499 $BTC completed.
Binance also shared a fresh Proof of Reserves snapshot as of 0000 GMT on October 31 for major listed tokens including $BTC and $BNB, aiming for at least 1:1 backing once the full proof is live. Withdrawals remain on a Sunday restore path while security checks finish. Company capital, SAFU, and treasury are doing the work so customers stay protected.
#Binance #Bitcoin #Crypto
DYOR. Not financial advice.
On October 31, 2026, Binance published Security Incident Update #3: about 90% of stolen assets have been bought back with company resources, with a commitment to finish the remaining less-liquid 10%. Co-CEO Richard Teng stressed that users will not take the financial hit. A November 1 follow-up noted roughly $6 billion of the impacted amount was already covered, and the SAFU transfer of 7,499 $BTC completed.
Binance also shared a fresh Proof of Reserves snapshot as of 0000 GMT on October 31 for major listed tokens including $BTC and $BNB, aiming for at least 1:1 backing once the full proof is live. Withdrawals remain on a Sunday restore path while security checks finish. Company capital, SAFU, and treasury are doing the work so customers stay protected.
#Binance #Bitcoin #Crypto
DYOR. Not financial advice.
