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Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)

Publisher
Binance (Binance)
Original
https://www.binance.com/en/support/announcement/detail/1fdf1f61559c401da0435895ffcccb62
Published
First seen
Last captured
Watched for edits
Yes, captured again on a schedule

Capture history

Newest first. The raw hash is the SHA-256 of the stored copy exactly as fetched. We keep the copy privately and publish its hash. The text hash is of the text extracted from it, which is what is compared between captures.

Captured (UTC)Fetched viaHTTPRaw sha256Text sha256Text changed
http2003a7d30300c6f9d227c44694d4fceafa5ff8f7d3b176c5c02f0e11c3570be4094d2e33415dbeb80ee1a75a865d9ee12d295020291b44840e9f363c34b79b0d8b9No

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No text changes detected between captures of this source.

Claims quoted from this source

OfficialreservesStatement 177

Binance said in Recovery Update #3 that it had taken a new Proof of Reserve snapshot at 2026-10-31 00:00 UTC and had updated the PoR website.

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.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Event time
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OfficialreservesStatement 290

Binance said on 31 October that replenishment used a partial deployment of SAFU.

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.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
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Stored copy
sha256 3a7d30300c6f
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OfficialreservesStatement 291

Binance said on 31 October that replenishment also used a portion of its Futures insurance fund, whose remaining balance is a regulatory requirement.

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

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
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Stored copy
sha256 3a7d30300c6f
Event time
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OfficialreservesStatement 292

Binance said on 31 October that the full zero-knowledge proof of reserves takes about 40 to 50 hours to generate.

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

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
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Stored copy
sha256 3a7d30300c6f
Event time
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OfficialreservesStatement 293

Binance said on 31 October that the SAFU fund is held and managed by Nest Clearing and Custody Limited, regulated by the ADGM Financial Services Regulatory Authority.

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.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
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Stored copy
sha256 3a7d30300c6f
Event time
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OfficialreservesStatement 407

Binance said on 31 October that the full zero-knowledge proof of reserves was estimated to be ready by Tuesday 3 November 2026 (UTC).

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).

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
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Stored copy
sha256 3a7d30300c6f
Event time
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OfficialrecoveryStatement 408

Binance said on 31 October that the outstanding 10% consisted of tokens outside the ten largest listed.

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

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
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Stored copy
sha256 3a7d30300c6f
Event time
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OfficialrecoveryStatement 174

Binance said in Recovery Update #3 that the amount of the hacked loss it had covered was now up to 90%, up from approximately 80% in the previous update.

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%.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialreservesStatement 175

Binance said in Recovery Update #3 that BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed 100%.

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

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialrecoveryStatement 176

Binance said in Recovery Update #3 that the replenishment employed a partial deployment of its SAFU fund, a portion of its Futures insurance fund, and its own corporate treasury.

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.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialreservesStatement 178

Binance said in Recovery Update #3 that the full zero-knowledge proof takes approximately 40 to 50 hours to generate and was estimated to be ready by Tuesday 2026-11-03 UTC.

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).

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialwithdrawalsStatement 179

Binance said in Recovery Update #3 that it remained on track to reopen withdrawals on Sunday 2026-11-01.

We remain on track to reopen withdrawals within our previously stated timeframe (on Sunday, 2026-11-01) and will provide a further update as soon as details are confirmed.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialrecoveryStatement 180

Binance said in Recovery Update #3 that it is committing to replenishing the SAFU fund to approximately US$1 billion.

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

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialreservesStatement 733

Binance stated that the Secure Asset Fund for Users (SAFU) is an emergency reserve fund established in July 2018 to protect user assets in extreme cases, and that it 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.

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.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published
OfficialreservesStatement 737

Binance stated that the Futures Insurance Funds remain above the coverage level required under its established risk-management framework and that it tops them up from company funds when the balance falls below the required level.

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.

Speaker
Binance
Publisher
Binance (Binance)
Original
Security Incident | Recovery Update #3: 90% of Stolen Assets Replenished; Proof of Reserves Snapshot Provided (2026-10-31)
Captured
Stored copy
sha256 3a7d30300c6f
Published