#Binance
Latest updates regarding the security incident that occurred on October 29.
We have now completed coverage of all assets affected by the security incident. Following the incident, we allocated more than US$6.34 billion in company funds to cover the losses and began sourcing the affected digital tokens through markets and over-the-counter (OTC) trading channels. This was funded using a portion of the Secure Asset Fund for Users (SAFU), a portion of Binance’s Futures Insurance Fund (in excess of the amount required under our risk management framework), and funds from the company treasury.
We have also committed to replenishing the SAFU Fund to bring its balance back to approximately US$1 billion, ensuring it continues to have the resources needed to serve as an emergency reserve to protect users.
Proof of Reserves: Now Available
We took a new Proof of Reserves (PoR) snapshot as of November 12, 2026, at 00:00 (UTC). It covers 198 digital tokens and is now available on the Proof of Reserves website.
Once the Zero-Knowledge Proof is generated—a process that takes approximately 40 to 50 hours due to the computational workload—you will be able to independently verify that your assets are backed by reserves at a ratio of at least 1:1.
Withdrawals
We continue to restore withdrawals in phases.
Latest updates regarding the security incident that occurred on October 29.
We have now completed coverage of all assets affected by the security incident. Following the incident, we allocated more than US$6.34 billion in company funds to cover the losses and began sourcing the affected digital tokens through markets and over-the-counter (OTC) trading channels. This was funded using a portion of the Secure Asset Fund for Users (SAFU), a portion of Binance’s Futures Insurance Fund (in excess of the amount required under our risk management framework), and funds from the company treasury.
We have also committed to replenishing the SAFU Fund to bring its balance back to approximately US$1 billion, ensuring it continues to have the resources needed to serve as an emergency reserve to protect users.
Proof of Reserves: Now Available
We took a new Proof of Reserves (PoR) snapshot as of November 12, 2026, at 00:00 (UTC). It covers 198 digital tokens and is now available on the Proof of Reserves website.
Once the Zero-Knowledge Proof is generated—a process that takes approximately 40 to 50 hours due to the computational workload—you will be able to independently verify that your assets are backed by reserves at a ratio of at least 1:1.
Withdrawals
We continue to restore withdrawals in phases.