Binance says 98% of the $6.34B stolen in the October hack is now replenished — that's from yesterday's Recovery Update #7, and honestly the speed is the part that surprised me. Buying back that much across market and OTC channels in under a week is not a small operation.
The other number that matters: the new Proof of Reserves snapshot now covers 44 tokens, up from 10. That's a real step — a 10-token PoR after a hack of this size was a thin check. The full zero-knowledge proof takes another 50–60 hours to generate, so I'll be watching whether it lands clean.
Two things I'm still watching. The last 2% — Binance says those tokens are less liquid, so the buyback will be slower. And the scam wave riding on the phased withdrawal restart: Binance warned on Nov 2 that scammers are posing as support offering to 'speed up' withdrawals or move funds to a 'vault.' They never charge a fee to unlock a withdrawal. Anyone asking you to pay or sign to speed things up is lying.
If your withdrawal is still pending, check it inside the app and nowhere else.
Does the 98% number restore your trust in keeping funds on Binance, or are you moving more to self-custody regardless? $BNB
The other number that matters: the new Proof of Reserves snapshot now covers 44 tokens, up from 10. That's a real step — a 10-token PoR after a hack of this size was a thin check. The full zero-knowledge proof takes another 50–60 hours to generate, so I'll be watching whether it lands clean.
Two things I'm still watching. The last 2% — Binance says those tokens are less liquid, so the buyback will be slower. And the scam wave riding on the phased withdrawal restart: Binance warned on Nov 2 that scammers are posing as support offering to 'speed up' withdrawals or move funds to a 'vault.' They never charge a fee to unlock a withdrawal. Anyone asking you to pay or sign to speed things up is lying.
If your withdrawal is still pending, check it inside the app and nowhere else.
Does the 98% number restore your trust in keeping funds on Binance, or are you moving more to self-custody regardless? $BNB
