Binance Replenishes 98% of Stolen Assets, Expands Proof of Reserves to 44 Tokens

Binance says it has replenished about 98% of the assets affected by its October 29 security incident, while expanding its latest Proof of Reserves (PoR) snapshot from 10 to 44 tokens. The exchange said it will cover the losses with its own resources, not pass them on to users.

In its November 4 recovery update, Binance said it had already set aside more than 100% of the funds needed to cover the impacted amount. It is continuing to acquire the remaining 2% through market purchases and over-the-counter (OTC) channels.

Remaining assets may take longer to acquire

Binance attributed the slower pace of the final purchases to lower liquidity in the remaining tokens. Less liquid assets can be harder to source in large quantities without affecting market prices, so the exchange said replenishment will take additional time.

The company has not provided a new completion date for the final purchases. It said it would continue publishing updates as the recovery progresses.

Proof of Reserves snapshot now covers 44 tokens

The new PoR snapshot was taken at 00:00 UTC on November 4. It expands coverage to 44 tokens, compared with 10 in the previous snapshot, and is available through Binance’s Proof of Reserves portal.

Binance said the snapshot offers an updated view of assets accounted for on the platform. The full zero-knowledge proof is expected to take around 50 to 60 hours to generate because of the computational workload.

Once the proof is ready, users holding any of the covered tokens will be able to independently check whether their balances are backed at least 1:1. The snapshot’s expanded coverage is a transparency step, but it should not be confused with a completed independent investigation into the security incident.

Withdrawals are reopening in phases

Binance said it is continuing to acquire the remaining assets, restore withdrawals progressively, and strengthen its security safeguards. The latest update did not provide a complete schedule for when every affected asset or network will be available again.

The incident has placed renewed attention on exchange security, recovery commitments, and the limits of reserve disclosures. Proof of Reserves can help users inspect reported asset backing, while questions about how the breach occurred and what controls failed require separate investigation and disclosure.

What users should watch next

• Whether Binance completes replenishment of the remaining 2% of affected assets.
• When the new zero-knowledge proof becomes available for user verification.
• Further updates on phased withdrawal availability and security improvements.
• Any post-incident findings that clarify the attack and the safeguards being changed.

This article is based on Binance’s published recovery update. Figures and timelines may change as the exchange provides further information.