🚨 BINANCE SECURITY UPDATE: 90% OF STOLEN FUNDS RECOVERED!
Binance has announced major progress in its security incident recovery.
💰 Key Highlights:
✅ 90% of stolen assets have now been replenished (up from 80%).
✅ BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD & ZEC are now 100% backed.
🏦 Binance has allocated more than $6.34 billion in company funds to cover the losses.
🔐 Recovery funding comes from:
SAFU emergency fund
Futures Insurance Fund
Binance corporate treasury
📊 Proof of Reserves Update:
A new PoR snapshot was taken on October 31, 2026. Full zero-knowledge verification is expected by November 3.
⏳ Next Big Milestone:
Binance expects to resume withdrawal services on November 1, 2026.
🔥 My Take:
This is an important recovery milestone. Binance says users will not bear the financial impact of the stolen funds. However, the remaining 10% still needs to be replenished, and users should wait for confirmed withdrawal reopening.
What do you think? Is Binance handling this crisis well?
#Binance #CryptoNews #SAFU #Bitcoin #BNB #ProofOfReserves #CryptoSecurity #BTC #BinanceSquare
Binance has announced major progress in its security incident recovery.
💰 Key Highlights:
✅ 90% of stolen assets have now been replenished (up from 80%).
✅ BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD & ZEC are now 100% backed.
🏦 Binance has allocated more than $6.34 billion in company funds to cover the losses.
🔐 Recovery funding comes from:
SAFU emergency fund
Futures Insurance Fund
Binance corporate treasury
📊 Proof of Reserves Update:
A new PoR snapshot was taken on October 31, 2026. Full zero-knowledge verification is expected by November 3.
⏳ Next Big Milestone:
Binance expects to resume withdrawal services on November 1, 2026.
🔥 My Take:
This is an important recovery milestone. Binance says users will not bear the financial impact of the stolen funds. However, the remaining 10% still needs to be replenished, and users should wait for confirmed withdrawal reopening.
What do you think? Is Binance handling this crisis well?
#Binance #CryptoNews #SAFU #Bitcoin #BNB #ProofOfReserves #CryptoSecurity #BTC #BinanceSquare