On the 18th anniversary of the Bitcoin white paper, Binance gave itself a “top-up gift”: 90% of the stolen assets have been replenished.
About $6.3 billion was stolen on October 29. Binance put up more than $6.34 billion in company funds to plug the hole, while partners froze about $3 billion in stolen funds.
Customer balances for 10 major coins, including BTC, ETH, USDT, BNB, and SOL, are now 100% fully backed, based on a snapshot taken at midnight UTC on October 31.
The remaining 10% consists of smaller coins, which will take time to buy back. The funds come from the company treasury, the Futures Insurance Fund, and SAFU, which has committed to restoring its balance to about $1 billion.
Withdrawals are planned to resume in phases today, Sunday, pending successful security checks. The full cryptographic proof is scheduled to be published on November 3.
Prices, meanwhile, are holding steady: BTC is currently at $77,469, up 0.33% over 24 hours, trading in a narrow range between $77,069 and $77,646. ETH is at $2,254, up 0.51%, and BNB is at $702.86, down 0.10%.
To me, the most interesting part isn’t how quickly they replenished the funds, but how they did it: putting up their own money, showing the backing, and setting a date—November 3—for verification.
The conditions for invalidating the recovery are clear: if the proof on November 3 falls short, or Sunday’s withdrawal restart is delayed again, then “the crisis is over” no longer holds. A move back above $80,000 would mean a sigh of relief; a drop below $75,718 could send BTC sliding to $72,956.
Which side are you on: if withdrawals resume smoothly on Sunday, is the matter settled, or will you wait for the November 3 proof before trusting them?
$BTC $ETH $BNB
#比特币 #Binance
About $6.3 billion was stolen on October 29. Binance put up more than $6.34 billion in company funds to plug the hole, while partners froze about $3 billion in stolen funds.
Customer balances for 10 major coins, including BTC, ETH, USDT, BNB, and SOL, are now 100% fully backed, based on a snapshot taken at midnight UTC on October 31.
The remaining 10% consists of smaller coins, which will take time to buy back. The funds come from the company treasury, the Futures Insurance Fund, and SAFU, which has committed to restoring its balance to about $1 billion.
Withdrawals are planned to resume in phases today, Sunday, pending successful security checks. The full cryptographic proof is scheduled to be published on November 3.
Prices, meanwhile, are holding steady: BTC is currently at $77,469, up 0.33% over 24 hours, trading in a narrow range between $77,069 and $77,646. ETH is at $2,254, up 0.51%, and BNB is at $702.86, down 0.10%.
To me, the most interesting part isn’t how quickly they replenished the funds, but how they did it: putting up their own money, showing the backing, and setting a date—November 3—for verification.
The conditions for invalidating the recovery are clear: if the proof on November 3 falls short, or Sunday’s withdrawal restart is delayed again, then “the crisis is over” no longer holds. A move back above $80,000 would mean a sigh of relief; a drop below $75,718 could send BTC sliding to $72,956.
Which side are you on: if withdrawals resume smoothly on Sunday, is the matter settled, or will you wait for the November 3 proof before trusting them?
$BTC $ETH $BNB
#比特币 #Binance
