Updated October 31, 2026.
Binance reported topping up 90% of the assets lost in the hack. The exchange is purchasing replacement cryptocurrency to back client balances and expects to resume withdrawals on November 1.
This is stated in the company's third official update. The figure refers to covering losses using Binance's own resources, not to recovering 90% of the stolen cryptocurrency.
How Binance is replenishing lost assets
Earlier the exchange stated that it allocated more than $6.34 billion of its own funds to cover the damage. Of this amount, $5 billion was already held in the cryptocurrencies that were stolen, which corresponded to about 80% of the lost volume.
Now, according to Binance, client balances in BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed.
For coverage, the company's own funds and part of the futures market insurance fund are used. Partial use of the user protection fund SAFU is also planned.
The remaining deficit is in less liquid tokens. The exchange continues to acquire them on the market and through over-the-counter deals.
When withdrawals are planned to resume
Binance maintains the target of resuming withdrawals on November 1. The company promises to provide further details.
The exchange also updated its reserve snapshot as of October 31, 00:00 UTC. It expects to have full cryptographic proof of backing for the ten listed assets by November 3.
Thus, the stated replenishment of assets, completion of the reserve audit, and opening of withdrawals are separate stages of recovery.
What is known about the hack
According to Binance's announcement of October 30, on the evening of October 29 the exchange's hot wallets—used for operational transactions—were compromised. The company estimated the value of the stolen crypto assets at approximately $6.3 billion.
The initial investigation pointed to a possible compromise of an employee's laptop. Later, Binance reported discovering additional points of entry. At that time, the company had not found evidence of leakage of wallet private keys.
Withdrawals were temporarily suspended during security checks. In the announcement of October 30, the exchange also stated that it froze approximately $3 billion in attack-related assets with the help of partners and law enforcement agencies.
Freezing limits the ability to move cryptocurrency but does not by itself mean its return to the exchange. This figure should not be added to the volume of assets replenished by Binance as two amounts of already compensated damage.
