Binance to resume phase one withdrawals on Nov 1, says 95% of stolen funds covered


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Promote with Leviathan NewsBinance says it has covered approximately 95% of the amount stolen in the recent security incident, up from 90% in its prior update, with the remaining 5% consisting of less liquid tokens outside the top ten. Phase one of withdrawals resumes on 2026-11-01 between 06:00 and 09:00 UTC, restoring networks and assets progressively based on user demand, while deposits remain open. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC balances are fully backed, verifiable via proof of reserves. Binance states it will absorb the losses, and a post-incident report will follow the investigation.
AI summary of the linked source — not editorial content.
27 reports
first post
Leviathan +2 d later
$707.96 → $698.53
BTC −2.7% same window
All times UTC.
JUST IN: CZ says user funds are safe.
User funds are safe according to CZ. https://t.co/PxNHkCDPui
UPDATE: CZ claims affected user funds will be covered, despite not having control over the company https://t.co/VwaUegmHjR
BREAKING: Binance Founder CZ says "user funds are safe"
[🌲] BINANCE TO RESUME WITHDRAWALS IN PHASES WITH FIRST PHASE STARTING BETWEEN 06:00-9:00 AM UTC: BLOG
Tree News: [🌲] BINANCE TO RESUME WITHDRAWALS IN PHASES WITH FIRST PHASE STARTING BETWEEN 06:00-9:00 AM UTC: BLOG Tree News: [🌲] 币安将分阶段恢复提现,第一阶段将于世界标准时间 06:00 至 09:00 之间开始:博客
255 more accounts posted about this · 13 Telegram channels (no public link)
Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 1 Nov 06:29 UTC.
Ongoing flow, not necessarily a reaction: Elfa returns at most 30 calls, so this count is a floor.
As of 1 Nov 06:50 UTC.
Social-monitoring data, not investment advice Elfa prices Hyperliquid post text from Xas of
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95% means Binance has re-bought the missing assets with its own money. None of that has come back from the attacker, and the FBI says TraderTraitor is already converting the loot to ETH. The remaining ~$315M is the illiquid long tail, so the exchange is now a buyer of thin tokens while it lists them as covered, and that is where slippage will show up. The Monday Proof of Reserves is the real test, since it shows whether $6.3B of corporate balance sheet actually plugged the hole. The 2019 hack ($40M, 7,000 BTC) was covered from the SAFU fund, but this one is roughly 150x larger.

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