Binance now says 90% of the funds stolen in its recent security breach are covered, an increase from approximately 80% in its previous update, as the exchange continues to draw on company resources to compensate for the incident and moves toward restoring full withdrawal services. For users, those updates address the most immediate operational questions after a breach: whether their holdings are fully backed, and when they can move funds freely again.

In a Saturday update, the exchange confirmed that ten major crypto assets and stablecoins are fully backed at 100%: Bitcoin (BTC), Ether (ETH), Tether (USDT), BNB, Solana (SOL), USD Coin (USDC), XRP, USD1, RLUSD and Zcash (ZEC).

On Friday, Binance said it would allocate more than $6.3 billion in company funds toward covering the incident. The exchange added that it is continuing to purchase the remaining affected assets through both open-market and over-the-counter (OTC) channels, the latter allowing large transactions to be settled directly without relying solely on public order books. The team also stressed that the exchange, rather than its users, will absorb the financial impact of the stolen funds.

Three funding sources

The replenishment is being financed through three company sources: Binance's Secure Asset Fund for Users (SAFU), its dedicated Futures insurance fund and its corporate treasury.

The exchange expects to deploy part of the SAFU within 24 hours and has committed to restoring the fund to around $1 billion. Established in 2018 and funded by a portion of trading fees, SAFU serves as an emergency reserve designed to protect users in cases such as security breaches.

Binance has also allocated part of its Futures insurance fund to the recovery effort. According to the exchange, the remaining balance is still above the minimum required under its risk-management rules, and corporate funds would be used to top it up if it falls below that level. The Futures insurance fund exists to cover losses from bankrupt futures positions and helps limit auto-deleveraging during periods of market stress.

Proof of Reserves snapshot

Alongside the recovery effort, Binance published a new Proof of Reserves snapshot based on asset balances recorded at 00:00 UTC on October 31. The exchange said generating the full zero-knowledge proof would take approximately 40 to 50 hours, with the results expected by November 3. Zero-knowledge proofs allow the exchange to demonstrate that it holds the reported assets without disclosing individual user balances.

Once the proof is complete, users holding any of the ten fully backed tokens will be able to independently verify that their balances have at least 1:1 backing — one unit held in reserve for every unit owed to customers — rather than relying solely on the exchange's own statements, according to the exchange.

Withdrawal restart

Binance said it is now focused on resuming withdrawals and expects the service to reopen on November 1, as previously announced. The repurchase process is continuing alongside the restart preparations. Taken together, the November 1 reopening and the proof results expected by November 3 give users two near-term checkpoints for tracking the recovery timeline.

This article is based on a CryptoBriefing report published on October 31, 2026, edited by John Chen.