Bottom line first: Binance’s compensation effort has finally made visible progress as of this morning—the stolen assets have been replenished to 90%.
The 7,499 BTC from the SAFU fund arrived yesterday. It’s visible on-chain and worth about $581 million. Combined with the 80% already covered, the official figures say that the major coins—BTC, ETH, USDT, BNB, and SOL—have been fully replenished. The remaining 10% consists of smaller, less liquid coins that are still being gradually sourced on and off the market.
Put simply, there are two sides to this: the funds have been replenished, but that doesn’t mean the matter is settled. Withdrawals are still unavailable. The official statement says they’ll resume in phases today, but there’s no firm word yet on exactly when or which coins will be included in each batch. A target is just a target—don’t assume withdrawals are available until they actually go live.
There’s another date worth noting: the October 31 proof-of-reserves snapshot has been taken, and the full proof will be released on November 3. Holders of those ten major coins will then be able to verify the 1:1 backing for themselves. Only once that checks out can we really call this settled.
The Fear and Greed Index is still at 35. It’s understandable to be nervous, but let’s get the numbers straight first.
$BTC $BNB
The 7,499 BTC from the SAFU fund arrived yesterday. It’s visible on-chain and worth about $581 million. Combined with the 80% already covered, the official figures say that the major coins—BTC, ETH, USDT, BNB, and SOL—have been fully replenished. The remaining 10% consists of smaller, less liquid coins that are still being gradually sourced on and off the market.
Put simply, there are two sides to this: the funds have been replenished, but that doesn’t mean the matter is settled. Withdrawals are still unavailable. The official statement says they’ll resume in phases today, but there’s no firm word yet on exactly when or which coins will be included in each batch. A target is just a target—don’t assume withdrawals are available until they actually go live.
There’s another date worth noting: the October 31 proof-of-reserves snapshot has been taken, and the full proof will be released on November 3. Holders of those ten major coins will then be able to verify the 1:1 backing for themselves. Only once that checks out can we really call this settled.
The Fear and Greed Index is still at 35. It’s understandable to be nervous, but let’s get the numbers straight first.
$BTC $BNB
