🚨 BINANCE RECOVERY UPDATE: 90% OF IMPACTED ASSETS NOW COVERED!
Binance has announced significant progress following its recent $6.3 billion security incident.
Here are the latest official updates:
🛡️ 1. 90% Coverage Achieved
Binance reports that 90% of the impacted assets are now covered.
💰 2. Ten Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported to be 100% backed.
🔍 3. Remaining 10%
The outstanding assets consist of less-liquid tokens, which may take longer to acquire.
📊 4. Proof of Reserves Updated
Binance has taken a new Proof of Reserves snapshot dated October 31, 2026.
🔄 5. Withdrawal Restoration
Binance is targeting the reopening of withdrawal services on November 1, subject to its security process.
💡 Key Takeaway:
Binance says it will absorb the financial impact of the incident, not its users.
This is a developing situation. Always verify updates through official sources and avoid making decisions based on rumours.
#CryptoNews #CryptoSecurity #SAFU! #ProofOfReserves #Blockchain #CryptoUpdate
Binance has announced significant progress following its recent $6.3 billion security incident.
Here are the latest official updates:
🛡️ 1. 90% Coverage Achieved
Binance reports that 90% of the impacted assets are now covered.
💰 2. Ten Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported to be 100% backed.
🔍 3. Remaining 10%
The outstanding assets consist of less-liquid tokens, which may take longer to acquire.
📊 4. Proof of Reserves Updated
Binance has taken a new Proof of Reserves snapshot dated October 31, 2026.
🔄 5. Withdrawal Restoration
Binance is targeting the reopening of withdrawal services on November 1, subject to its security process.
💡 Key Takeaway:
Binance says it will absorb the financial impact of the incident, not its users.
This is a developing situation. Always verify updates through official sources and avoid making decisions based on rumours.
#CryptoNews #CryptoSecurity #SAFU! #ProofOfReserves #Blockchain #CryptoUpdate
