Binance says it has replenished around 98% of the stolen amount, up from 95% in the November 2 update. It is buying the remaining 2% on the market and OTC, and warns that this will take longer because these are less liquid tokens. It says it has already set aside “more than 100%” of the necessary funds from its own resources.
The new reserves snapshot, taken on November 4 at 00:00 UTC, covers 44 tokens, compared with 10 in the previous one. The zero-knowledge proof will take around 50-60 hours to generate. Withdrawals will continue to reopen in phases, with no list of assets in this note. Binance: “As we committed, Binance will cover the cost of these stolen funds, not our users.”
Binance will cover the cost of the funds stolen during the recent security incident, not our users. We have already set aside more than 100% of the funds needed to cover these losses with Binance’s own resources . And now we have further progress. We have recovered approximately 98% of the affected amount and continue to acquire the remaining tokens through market and OTC channels. Purchases of the remaining 2% are expected to be slower due to the lower liquidity of these tokens. We will keep you updated on further developments.
We have also taken a new Proof of Reserves (PoR) snapshot on November 4, 2026 at 00:00 (UTC). It now covers 44 tokens, compared with 10 in the previous snapshot, and is available on our PoR website .
The snapshot provides an updated view of fully accounted-for assets, reflecting our ongoing commitment to transparency. Generating the full zero-knowledge proof is estimated to take between 50 and 60 hours due to the computational load. Once the proof is generated, users holding any of the covered tokens will be able to independently verify that their balances are backed at least 1:1.
We continue to acquire the remaining assets, reopen withdrawals in phases and strengthen our security measures. We will share updates as we make progress.
Thank you for your support!
Binance Team
November 4, 2026
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Binance reserves the right, at its sole discretion, to amend or cancel this announcement at any time and for any reason without prior notice.
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