Hello, Binancians,

As committed, Binance will cover the cost of the funds stolen in the recent security incident, not our users. We have set aside more than 100% of the funds needed to cover these losses from Binance's own resources. We now have new progress to share. We have recovered around 98% of the affected amount and continue to purchase the remaining token assets through market and OTC channels. Purchases of the remaining 2% are expected to proceed more slowly because these tokens are less liquid. We will continue to provide further updates.

We have also taken a new Proof of Reserves (PoR) snapshot as of 04-11-2026 at 07:00 WIB. This snapshot now covers 44 tokens, up from 10 tokens in the previous snapshot, and is available on the PoR website. 

This snapshot provides an up-to-date picture of fully accounted-for assets, reflecting our ongoing commitment to transparency. Generating the complete zero-knowledge proof is expected to take around 50 to 60 hours due to the computational workload. Once the proof is generated, users holding any covered tokens will be able to independently verify that their balances are backed at a ratio of at least 1:1.

We continue to acquire the remaining assets, gradually reopen withdrawals, and strengthen our protections. We will share updates as progress continues.

Thank you for your support!

The Binance Team

04-11-2026

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