As of today, November 10, 2026, the situation with Binance remains generally stable. User compensation is still holding at 98%, withdrawals are continuing, and no significant new disruptions have been reported. The main news of the day concerns hackers laundering funds: reports have emerged that they are using memecoins to cover their tracks.
🔍 Latest on tracking the hackers’ funds
· Laundering through memecoins: According to analytics firm Elliptic, North Korea-linked hackers created at least 6 memecoins on the NEAR blockchain from November 5 to 7 (some featuring images of Elon Musk), through which they moved about 117,000 NEAR (approximately $430,000) in stolen funds. The goal is to disguise the transfer of assets as “ordinary trading”.
· The scale remains small: This portion accounts for less than 0.01% of the total $6.3 billion theft; most of the assets (about $3.2 billion) are still in wallets controlled by the hackers.
✅ Operational status: withdrawals and compensation
· Compensation remains on track: Binance confirmed that, as of November 3, about 98% of the affected token assets had been recovered and more than 100% of the funds had been reserved to cover losses, so users will not incur any losses.
· Withdrawals are ongoing: Binance previously resumed withdrawals for assets on the BSC, ETH, Base, Arbitrum, and other networks, as well as for HYPE and APT; additional assets will be unlocked as security reviews are completed.
💎 Summary
For ordinary users, the critical phase is largely over: funds are protected, compensation is nearly complete, and withdrawals are ongoing. The main risks are related to the hackers’ attempts to launder stolen assets through memecoins, but this does not affect Binance’s obligations to its users.
