Statements

The spokesperson’s statement did not specify how much each funding source contributed or disclose the insurance fund’s minimum required balance.

The Futures Insurance Funds remain above the coverage level required under Binance’s established risk-management framework, helping ensure the fund remains available to support users during extreme market conditions. We monitor fund size continuously against historical stress scenarios reflecting extreme but plausible market conditions, and top it up when required. Due to volatility, no exchange can completely avoid auto-deleveraging, but we always strive to keep occurrences to a minimum. Will Binance replenish the Futures Insurance Funds? The funds are maintained above their required size. When the balance falls below the level our framework requires, Binance tops them up from company funds, as we have done previously. What was released was excess above that level, which is why it could be reallocated without affecting coverage.

SAFU is an emergency reserve fund established by Binance in July 2018 to protect user assets in extreme cases, such as security breaches or platform-level incidents. Binance allocated a percentage of trading fees to grow the fund to a substantial level over time. The SAFU fund is held and managed by Nest Clearing and Custody Limited, a Recognized Clearing House regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. A portion of the funds serves as capital reserves as part of Binance regulatory obligations in the ADGM.

The full zero-knowledge proof takes approximately 40 to 50 hours to generate due to the computational workload, so users holding any of these ten tokens can independently verify that their assets are at a minimum 1:1 backed once the full proof is generated, estimated to be by Tuesday, 2026-11-03 (UTC).

All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed 100%.

so users holding any of these ten tokens can independently verify that their assets are at a minimum 1:1 backed once the full proof is generated, estimated to be by Tuesday, 2026-11-03 (UTC).

The SAFU fund is held and managed by Nest Clearing and Custody Limited, a Recognized Clearing House regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority.

The full zero-knowledge proof takes approximately 40 to 50 hours to generate due to the computational workload

A portion of our Futures insurance fund. The remaining balance of the Futures insurance fund is a regulatory requirement.

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.

we have taken a new Proof of Reserve (PoR) snapshot at 2026-10-31 00:00 (UTC), and this has already been updated on the PoR website.

The company said in 2024 that it had more than $160bn in assets under its custody.

Several experts have warned customers not to regard Binance's promise to cover losses as legally binding and said they may need to pursue litigation to recover them.

But crypto history watchers have been pointing out online that this is exactly the kind of message that FTX CEO Sam Bankman-Fried gave before his crypto exchange collapsed in 2022, leading to huge losses for customers and the industry.

We are buying the remaining 20% of the lost token assets. We plan to run an initial Proof Of Reserves snapshot in 12 hours and have the result ready by Monday 2026-11-02.

Binance ranks as the largest cryptocurrency exchange by reserves with $134 billion in total assets.

Gu said the estimated gap represented about 1.3% of Binance’s reported $165 billion in exchange reserves.

$165 billion in exchange reserves. Those reserves include assets backing customer balances.

“The $5 billion is held in the exact token assets that are required. These assets are in Binance custody,” a Binance spokesperson told Cointelegraph.

he said Gulf, Binance’s partner in Thailand, had offered financial support.

that the exchange’s revenue for the year was sufficient to cover the hack losses and that the company did not need to sell its stake in SpaceX.

CertiK told Cointelegraph that it needed more information from Binance to assess whether the claimed $5 billion in tokens matching those stolen could be independently verified on-chain.

Blockchain analytics company Nansen told Cointelegraph that it could not verify what funds Binance had available beyond its roughly $1.16 billion emergency fund or where the money to cover the remaining losses would come from.

The spokesperson declined to disclose wallet addresses, citing security reasons. Binance did not disclose when it acquired the assets.

A Binance spokesperson told Cointelegraph that the $5 billion in matching tokens is held in the exchange’s custody. The spokesperson declined to disclose wallet addresses, citing security reasons.