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Binance says it has covered 90% of assets stolen in $6.3B hack
Binance said Saturday it had replenished 90% of assets taken in this week's theft, using more than $6.34 billion in company funds, with the rest in less liquid tokens.
Cryptocurrency exchange Binance said Saturday that it had replenished 90% of assets stolen in this week's security incident, up from about 80% in its prior update, after setting aside more than $6.34 billion in company funds1,2.
The remaining 10% consists of tokens outside a list of 10 assets the company said are now fully backed, which it described as less liquid and slower to source in the needed amounts1,2.
Binance said the 10 fully backed assets are bitcoin, ether, tether, BNB, solana, USD Coin, XRP, USD1, RLUSD and Zcash2.
The company said it will keep buying remaining tokens through market and over-the-counter channels until coverage reaches 100% for all affected assets, and that it, not customers, will take the financial hit2.
Replenishment is coming from a partial draw on its Secure Asset Fund for Users, a portion of its futures insurance fund, and corporate treasury, Binance said, with part of the SAFU expected to be deployed over the next 24 hours2.
It said it would restore SAFU to about $1 billion and that the futures insurance fund remains above the minimum its risk rules require2.
Binance said it took a new proof-of-reserves snapshot at 0000 UTC on Oct. 31 and that a full zero-knowledge proof could take 40 to 50 hours, with independent checks for the 10 tokens estimated by Nov. 3 UTC2.
The exchange said it remains on track to reopen withdrawals on Sunday, Nov. 1, subject to a further update2.
Independent verification of the 90% figure and of on-chain recoveries was not in the Saturday statement; earlier company updates had put stolen assets at about $6.3 billion, with some funds reported frozen through industry partners1,2.
Sources
How it’s being reported
2 sourcesFirst reported by Binance
Binance says it has covered 90% of its hack losses, having set aside $6.34B+ of company funds; the remaining 10% is in less liquid tokens (Angela Christy/Reuters)
The 90% coverage figure and the $6.34 billion-plus set aside from company funds.
Points to Reuters reporting that Binance said Saturday it had covered 90% of stolen assets, with the rest in less liquid tokens.
Leaves out Binance's named token list, Proof of Reserves snapshot timing, and planned withdrawal reopen date.
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Company-funded replenishment, named assets at 100% backing, Proof of Reserves snapshot, and a planned Sunday withdrawal reopen.
Company announcement saying coverage rose from about 80% to 90%, naming 10 fully backed tokens and outlining SAFU, futures insurance and treasury sources.
Where they agree
- Binance said it had covered 90% of stolen assets after setting aside more than $6.34 billion in company funds.
- The remaining 10% is in less liquid tokens that may take longer to acquire.