As of today, November 11, 2026, the situation with Binance remains stable, but two important developments have emerged: hackers have stepped up money laundering (around $891 million), and Binance has denied rumors of a data leak (3.35 million records). Its obligations to users are being met: compensation is at 98%, and withdrawals are continuing.
🔍 Update: Hackers have accelerated the laundering of funds
· About $891 million transferred: According to Onchain Lens, on November 10, hackers actively transferred stolen assets through the THORChain and Chainflip cross-chain protocols. Of the total $6.34 billion stolen, about $891 million has already been transferred or laundered .
· Remaining funds: About $2.6 billion** has been frozen, but hackers still control approximately **$2.85 billion .
🛡️ Binance denies rumors of a “data leak”
· CZ’s response: Binance founder Changpeng Zhao (CZ) denied on November 9 ShinyHunters’ claim that it was selling 335 million user records, calling it “economic fraud.” His argument: anyone with valid private keys would transfer the assets directly rather than sell the data for $900,000 .
· Binance’s investigation: An initial review found no system breach. Binance does not store passwords in plain text and does not hold the private keys to users’ external wallets; the jurisdictions mentioned in the announcement were also inaccurate .
✅ Operational status: compensation and withdrawals
· 98% compensated: According to an official update on November 4, about 98% of the affected assets have been replenished, with more than 100% of the funds reserved to cover losses. The remaining 2% consists of low-liquidity tokens and will take time to process .
· Withdrawals are ongoing: Withdrawals for many assets on the ETH, BSC, Base, and other networks have already reopened, with additional assets being unlocked as security reviews are completed .
In brief: User funds are protected, and compensation is nearly complete. The main risks stem from hackers laundering funds quickly, but Binance has confirmed that these losses will not be passed on to users. The “data leak” rumor has been officially denied, so there is no reason to panic.
