#Binance The platform announced
that it had succeeded in covering 90% of
the assets seized during the recent security breach, which were estimated at $6.3 billion, compared with around 80% in its previous update. It confirmed that it would fully absorb the losses using company funds, while protecting users’ assets.
The platform explained that 10 cryptocurrencies are now 100% covered, including Bitcoin, Ethereum, BNB, Solana, XRP, and #usdt .
To replace the seized assets, Binance used three sources: a portion of the Secure Asset Fund for Users (#SAFU! ), a portion of its futures insurance fund, and the company’s own funds.
The remaining 10% consists of less-traded and less-liquid cryptocurrencies, meaning that purchasing the required quantities will take longer.
As part of its efforts to improve transparency, Binance updated its Proof of Reserves (PoR) data so users can verify that their assets are fully backed on a 1:1 basis. Full verification is expected to be available by November 3.
The most important step for users is the resumption of withdrawals, which the platform aims to reopen on Sunday, November 1, 2026.
that it had succeeded in covering 90% of
the assets seized during the recent security breach, which were estimated at $6.3 billion, compared with around 80% in its previous update. It confirmed that it would fully absorb the losses using company funds, while protecting users’ assets.
The platform explained that 10 cryptocurrencies are now 100% covered, including Bitcoin, Ethereum, BNB, Solana, XRP, and #usdt .
To replace the seized assets, Binance used three sources: a portion of the Secure Asset Fund for Users (#SAFU! ), a portion of its futures insurance fund, and the company’s own funds.
The remaining 10% consists of less-traded and less-liquid cryptocurrencies, meaning that purchasing the required quantities will take longer.
As part of its efforts to improve transparency, Binance updated its Proof of Reserves (PoR) data so users can verify that their assets are fully backed on a 1:1 basis. Full verification is expected to be available by November 3.
The most important step for users is the resumption of withdrawals, which the platform aims to reopen on Sunday, November 1, 2026.
