Binance deployed 6.34 billion dollars in company funds to cover losses from the recent security incident. This capital came from the corporate treasury, insurance funds, and SAFU. A new Proof of Reserves snapshot was taken on November 12, 2026, for 198 tokens including $BTC and $ETH . This ensures all assets are accounted for at a minimum 1:1 ratio. Withdrawals are now reopening in phases as the platform replenishes SAFU back to its 1 billion dollar target.

My read: Using insurance funds above the required risk framework levels suggests the scale of the breach required immediate liquidity that exceeded the standard emergency reserves.

Are you waiting for the full zero-knowledge proof to verify your balance or is the snapshot enough for you to start trading again?

#Binance #AnthropicRejectsIPODelayValuationinQuestion