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Binance Says 90% of Stolen Crypto Is Replaced as Withdrawals Near
Ten coins, including bitcoin and ether, are fully backed again, the exchange says. Withdrawals are set to restart Sunday, with a proof users can check due Nov. 3.
Binance said Saturday it has replaced 90% of the crypto stolen in Thursday's $6.3 billion hack, up from about 80% a day earlier, a Reuters report carried by CNA shows. Customer holdings of 10 coins, including bitcoin, ether, USDT, BNB, SOL and XRP, are now fully backed, the exchange said.
That leaves one day before the real test. Binance said it remains on track to start reopening withdrawals in phases on Sunday, Nov. 1, once security checks are done.
Where the money came from
The last 10% is in smaller, thinly traded tokens that take longer to buy in size, Binance said, so it keeps buying them on exchanges and through over-the-counter desks. To pay for the refill, it is drawing on part of SAFU, the emergency fund for users it set up in 2018, part of its futures insurance fund and company money, ChainCatcher reported from the update. Binance has pledged to top SAFU back up to about $1 billion. It had already set aside about $6.34 billion. Separately, about $3 billion of the stolen assets is frozen on-chain, Binance said in its Oct. 30 notice.
How the proof works
A proof of reserves compares what an exchange holds with what it owes customers at one moment. Binance took that snapshot at 00:00 UTC on Oct. 31. It then builds a cryptographic proof, called a zk-SNARK, that lets each user check that their own balance was counted without seeing anyone else's. Binance said the math takes 40 to 50 hours to run, so users should be able to check by about Nov. 3. The initial figures show reserve ratios at or above 100% for all 10 coins, The Crypto Times reported. A snapshot shows one moment, not every risk on the books.
BNB traded near $705 at 11:56 a.m. ET, up 0.8% in 24 hours, per CoinGecko.
In our opinion: Sunday's reopening is the moment that counts, because a smooth restart shows the refill is real and a stalled one tells users more than any statement can. The Nov. 3 proof is the second check, and it is worth more than the headline 90% because each user can verify it for themselves. The last 10% is the slow part, and how long those small tokens take to buy is the date to watch.
Sources: Binance, Reuters, ChainCatcher, The Crypto Times. Prices powered by CoinGecko.
Sources: Reuters via CNA: Binance replenishes 90% of assets stolen · Binance: Security Incident Update (2026-10-30) · ChainCatcher: Binance compensation ratio rises to 90% · The Crypto Times: Binance updates proof of reserves · CoinGecko: BNB price
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