Statements

Binance has now covered approximately 95% of the impacted amount, up from 90% in our prior update. The outstanding 5% are tokens outside the top ten listed above, and are less liquid in the market and take longer time to source at the required scale.

The US Secret Service said on Friday it is "working around the clock" with private sector partners "to identify, freeze, trace, and recover funds" stolen from Binance.

All holdings of the cryptocurrencies bitcoin, Ethereum and Tether are covered, along with seven other widely-traded crypto assets, the company said.

Binance said it had replenished the stolen assets using various funds and its own corporate treasury.

Binance has consistently pledged to cover 100% of the losses from what is suspected to be crypto's biggest hack on record and said it has set aside more than $6.34bn in company funds to do so.

Binance is committing to replenishing the SAFU to return the fund size to approximately US$1 billion.

Our last update explained that Binance had set aside more than $6.34B in company funds to cover hacked losses, and we had already covered approximately 80% of the impacted amount of the hacked loss at that time. That covered amount is now up to 90%.

The outstanding 10% consists of tokens outside the top ten listed above.

The replenishment employed: - A partial deployment of the Secure Asset Fund for Users (SAFU). This is expected to happen over the next 24 hours; users can view the updated balance here. - A portion of our Futures insurance fund. The remaining balance of the Futures insurance fund is a regulatory requirement. Users can check the updated balance of the fund here. - Binance's own corporate treasury.

The firm has also been tracking funds stolen in Binance’s separate multibillion-dollar hack, saying the attackers are using automation to obscure the trail and leveraging DeFi protocols on Tron to dodge stablecoin freezes.

frozen funds don’t necessarily equate to recovered funds. Immobilizing assets prevents the suspected attackers from spending them, but it doesn’t automatically return them to Binance or its users.

We have already set aside more than $6.34B in company funds, with $5B held in the exact impacted token assets that were stolen, such as USDC, USDT, BTC, ETH, BNB, etc. This means that we have already covered approximately 80% of the impacted amount.

Binance will cover all stolen funds related to this incident through our Secure Asset Fund for Users (SAFU) and our corporate treasury.

Binance has said it will cover all losses using its SAFU fund and company funds, and that it has reserved more than $6.34 billion of company funds to do so. Around $5 billion of this is already held in the same tokens that were stolen, and Binance is buying the rest through the market and OTC trades. It plans to publish a full Proof of Reserves report by Monday.

Binance said it has reserved over $6.34 billion in company funds to offset losses it suffered in a recent breach.

Binance has set aside more than $6.34 billion in company funds to cover losses from the hack, the exchange said. The company said $5 billion of those funds were already held in the same tokens affected by the attack.

Binance has pledged to meet customer losses through its SAFU reserve and company resources, announcing more than $6.34bn of company funds separate from roughly $3bn of frozen assets.

Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe.

Binance says it will cover all losses from its SAFU reserve and company funds, and that user funds are safe.

The delegation was cleared at 00:10:35 on October 30, three hours and fifty minutes after it was installed.

at 00:10:35 UTC on 30 October, Binance 14 signed a new authorization that reset its delegation, 3 hours 46 minutes after the sweep.

30 Oct, 00:08 | The Arbitrum Security Council moves 8,426 ETH and 74.6M ARB out of the attacker's reach.

Still, CertiK told Cointelegraph on Friday that it needed more information to verify Binance’s claimed $5 billion in replacement cryptocurrencies.

The Secret Service said that its investigators "are working around the clock with our private-sector partners, including Circle, to identify, freeze, trace and recover funds stolen from Binance on Thursday."

It said Friday that it was beginning to recover assets for users.