Binance has sent this message for us
• Binance has already covered 90% of the total financial losses caused by the recent hack.
• Users will bear zero financial impact as Binance is fully absorbing all losses from company funds.
• Top assets including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now 100% backed.
• The remaining 10% outstanding loss consists of less liquid tokens that are currently being sourced through market and OTC channels.
• Funds are being replenished using a partial deployment of the Secure Asset Fund for Users (SAFU).
• A portion of the excess balance from the Futures Insurance Fund is also being utilized.
• Binance's own corporate treasury is covering the rest of the financial impact.
• Binance committed to replenishing the SAFU fund back to its standard size of approximately $1 billion.
• The Futures Insurance Fund remains safely above regulatory risk framework requirements to protect traders.
• A new Proof of Reserves (PoR) snapshot was taken on October 31, 2026, at 00:00 UTC.
• Full zero-knowledge proofs will take 40 to 50 hours to generate due to computational workload.
• Users holding the top ten tokens can independently verify their 1:1 asset backing by Tuesday, November 3, 2026.
• The exchange is on track to reopen user withdrawal services on Sunday, November 1, 2026.
• Binance has already covered 90% of the total financial losses caused by the recent hack.
• Users will bear zero financial impact as Binance is fully absorbing all losses from company funds.
• Top assets including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now 100% backed.
• The remaining 10% outstanding loss consists of less liquid tokens that are currently being sourced through market and OTC channels.
• Funds are being replenished using a partial deployment of the Secure Asset Fund for Users (SAFU).
• A portion of the excess balance from the Futures Insurance Fund is also being utilized.
• Binance's own corporate treasury is covering the rest of the financial impact.
• Binance committed to replenishing the SAFU fund back to its standard size of approximately $1 billion.
• The Futures Insurance Fund remains safely above regulatory risk framework requirements to protect traders.
• A new Proof of Reserves (PoR) snapshot was taken on October 31, 2026, at 00:00 UTC.
• Full zero-knowledge proofs will take 40 to 50 hours to generate due to computational workload.
• Users holding the top ten tokens can independently verify their 1:1 asset backing by Tuesday, November 3, 2026.
• The exchange is on track to reopen user withdrawal services on Sunday, November 1, 2026.