Binance Replenishes 95% of Assets After Record Hack and Verifies Reserves

What did Binance confirm about its recovery from the hack?

Binance confirmed that approximately 95% of the affected amount had been replenished and published a completed zero knowledge proof covering its October 31 reserves snapshot for BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.

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Why does replacing the stolen assets matter for Binance's business?

Using company funds to restore customer asset backing reduces the risk of customers bearing the theft directly and could help rebuild confidence in Binance's custody services, although the expense falls on Binance and the recovery does not establish that customer withdrawals or trading activity will return to previous levels.

Does Binance's new proof of reserves establish that customer funds are fully restored?

The completed cryptographic proof allows users to verify that their balances in ten specified cryptocurrencies were backed at least one to one in the October 31 snapshot, but it does not establish complete recovery across every supported asset or guarantee that reserves remain unchanged afterward.

What remains unresolved in Binance's recovery?

Approximately 5% of the affected amount remained outstanding as of Binance's November 2 update, consisting of less liquid tokens that the exchange was still sourcing, while the final financial cost and completion date were not established in that announcement.

Are Binance customers able to withdraw their assets again?

Binance began restoring selected withdrawals on November 1 and announced another phased reopening starting at 04:00 UTC on November 3, but individual assets and networks remain subject to security checks and may become available at different times.

What is Binance's next verified recovery milestone?

Binance plans another reserves snapshot on November 4 covering additional tokens, followed by an updated zero knowledge proof expected to require approximately 40 to 50 hours of computation, while replenishment of the remaining affected assets continues.