The row for October 31 shows $1.301 billion in the insurance fund. By 8 a.m. this morning, it was down to $852 million—a drop of $450 million in a day.
This isn’t the “portion” mentioned in the announcement. It’s a net change that played out in a single row over the course of a day.
In last night’s 10 p.m. recovery update, Binance said it had used a portion of the futures insurance fund to cover affected assets.
After it was posted, I checked this table. All five rows were going up; I couldn’t find a single one going down.
The drop only appeared in this morning’s row.
10-28: 1.29768 billion.
10-29: 1.29787 billion.
10-30: 1.29990 billion.
10-31: 1.30148 billion.
11-01: 851.52 million.
Four rows up, the last one down: more than a third gone in a day.
The entire drop is in the USD column.
The BTC column shows 69.0414 coins in both the row before and the row after. Not a single digit changed.
The BNB column still reads 0.0000.
The announcement itself sets a limit: only the portion exceeding regulatory requirements would be used; the remaining balance is the regulatory minimum.
From beginning to end, it only says “a portion.” It doesn’t give a number.
So you can’t simply treat that $450 million as the “amount used.”
The balance is a net figure. Liquidation fees flow into it every day, and outflows and inflows are netted in the same cell.
Many people assume that if the balance is still rising, nothing has been used.
But the balance can rise while funds are being used: incoming fees can cover the outflows.
The reverse isn’t true either. The drop in this morning’s row doesn’t mean the “portion” mentioned in the announcement was $450 million.
The table is divided by asset. The only figures you can read are in the BTC and USD columns.
This is the platform’s own funds, not part of your proof of reserves. It can’t prove that your coins are backed one-to-one.
As for replenishment, the FAQ says company funds will be used to top it back up if it falls below the required level, but it gives no timeline.
Want to check it yourself? Three steps.
Open the Risk Protection Fund page under Futures Data. First, check the timestamp on the top row of the table; don’t use yesterday’s screenshot.
Then compare the USD and BTC columns. They often move in opposite directions.
Finally, look at the announcement date alongside the rows immediately before and after it. A single row doesn’t tell you much.
Was this amount already deducted, or will deductions continue in the rows that follow? I can only wait for tomorrow’s row.
When was the last time you opened this table?
The figures are from Binance’s Futures Risk Protection Fund page and the third version of the 10-31 recovery update. The page reading is the timestamp shown on the top row of the table. The balance changes at any time; please refer to the official page.
This is a compilation of figures from public pages, not investment advice, and does not urge anyone to take any action.
This isn’t the “portion” mentioned in the announcement. It’s a net change that played out in a single row over the course of a day.
In last night’s 10 p.m. recovery update, Binance said it had used a portion of the futures insurance fund to cover affected assets.
After it was posted, I checked this table. All five rows were going up; I couldn’t find a single one going down.
The drop only appeared in this morning’s row.
10-28: 1.29768 billion.
10-29: 1.29787 billion.
10-30: 1.29990 billion.
10-31: 1.30148 billion.
11-01: 851.52 million.
Four rows up, the last one down: more than a third gone in a day.
The entire drop is in the USD column.
The BTC column shows 69.0414 coins in both the row before and the row after. Not a single digit changed.
The BNB column still reads 0.0000.
The announcement itself sets a limit: only the portion exceeding regulatory requirements would be used; the remaining balance is the regulatory minimum.
From beginning to end, it only says “a portion.” It doesn’t give a number.
So you can’t simply treat that $450 million as the “amount used.”
The balance is a net figure. Liquidation fees flow into it every day, and outflows and inflows are netted in the same cell.
Many people assume that if the balance is still rising, nothing has been used.
But the balance can rise while funds are being used: incoming fees can cover the outflows.
The reverse isn’t true either. The drop in this morning’s row doesn’t mean the “portion” mentioned in the announcement was $450 million.
The table is divided by asset. The only figures you can read are in the BTC and USD columns.
This is the platform’s own funds, not part of your proof of reserves. It can’t prove that your coins are backed one-to-one.
As for replenishment, the FAQ says company funds will be used to top it back up if it falls below the required level, but it gives no timeline.
Want to check it yourself? Three steps.
Open the Risk Protection Fund page under Futures Data. First, check the timestamp on the top row of the table; don’t use yesterday’s screenshot.
Then compare the USD and BTC columns. They often move in opposite directions.
Finally, look at the announcement date alongside the rows immediately before and after it. A single row doesn’t tell you much.
Was this amount already deducted, or will deductions continue in the rows that follow? I can only wait for tomorrow’s row.
When was the last time you opened this table?
The figures are from Binance’s Futures Risk Protection Fund page and the third version of the 10-31 recovery update. The page reading is the timestamp shown on the top row of the table. The balance changes at any time; please refer to the official page.
This is a compilation of figures from public pages, not investment advice, and does not urge anyone to take any action.
