"Replaced" and "recovered" aren't the same word, and Binance's $6.3B fix is the first one.
For $BNB holders, that gap is the whole story.
Yahoo Finance spelled it out at 19:30 UTC Nov 13: Binance bought new tokens on the market and OTC to restore balances. The coins taken on Oct 29 haven't been recovered.
So the hole didn't close, it moved onto Binance's books 🔄
Per its Nov 12 notice (16:54 UTC), over $6.34B of company money covered users: part of SAFU, part of the Futures insurance fund, plus treasury. It pledged to refill SAFU to about $1B.
That's where the $1.2B and $2.7B sit. The DOJ won court approval to seize or restrain over $1.2B, part of more than $2.7B frozen by US authorities and private firms (The Block, 22:39 UTC Nov 12). It's a law-enforcement track running beside user balances, with no confirmed timeline per Yahoo.
The open item: the full zero-knowledge proof for the Nov 12 00:00 UTC snapshot of 198 tokens 🔍
Binance put it at 40 to 50 hours. As of Yahoo's report, it wasn't out yet. Withdrawals keep reopening in phases.
$BNB is at $623, down 2.55% in 24h and 10.30% over 7 days, just above the $618 range low I'm watching. Bitcoin is off 2.81% at $67,404, Fear & Greed at 13 📉
#BNB #Binance #ProofOfReserves #SAFU
For $BNB holders, that gap is the whole story.
Yahoo Finance spelled it out at 19:30 UTC Nov 13: Binance bought new tokens on the market and OTC to restore balances. The coins taken on Oct 29 haven't been recovered.
So the hole didn't close, it moved onto Binance's books 🔄
Per its Nov 12 notice (16:54 UTC), over $6.34B of company money covered users: part of SAFU, part of the Futures insurance fund, plus treasury. It pledged to refill SAFU to about $1B.
That's where the $1.2B and $2.7B sit. The DOJ won court approval to seize or restrain over $1.2B, part of more than $2.7B frozen by US authorities and private firms (The Block, 22:39 UTC Nov 12). It's a law-enforcement track running beside user balances, with no confirmed timeline per Yahoo.
The open item: the full zero-knowledge proof for the Nov 12 00:00 UTC snapshot of 198 tokens 🔍
Binance put it at 40 to 50 hours. As of Yahoo's report, it wasn't out yet. Withdrawals keep reopening in phases.
$BNB is at $623, down 2.55% in 24h and 10.30% over 7 days, just above the $618 range low I'm watching. Bitcoin is off 2.81% at $67,404, Fear & Greed at 13 📉
#BNB #Binance #ProofOfReserves #SAFU