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Binance stated in its November 2 recovery update that less-liquid tokens are slowing the replacement of stolen assets, leaving approximately 5% of the impacted amount outstanding. The exchange reported a 95% replenishment figure on November 1 and repeated that metric on November 2, attributing the remaining gap to assets that are harder to source in required quantities.
Progressive withdrawal reopening
A new withdrawal phase was scheduled to begin at 04:00 UTC on November 3. Binance indicated that availability would expand progressively as security and readiness checks are completed for individual assets and networks. The exchange is prioritizing tokens based on demand over the preceding week, restoring each network-asset pair only after it clears these checks.
The current withdrawal table includes specific routes such as RLUSD on Ethereum and XRP, and USDC on Sui, among those planned for progressive reopening. These entries define the scope of the rollout rather than indicating which tokens remain unreplenished or whether each route is currently operational. Binance directed users to its withdrawal page or network-status page to confirm availability for their specific asset and network combination. The exchange warned that rollout traffic could cause temporary delays or longer processing times during this period.
Reserve proof and funding sources
Binance’s completed zero-knowledge proof for the October 31, 00:00 UTC reserve snapshot covers ten specific tokens: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC. Holders of these ten assets can independently verify that their balances were backed at least one-for-one at that snapshot. However, the proof concerns a defined set of assets at a dated time and does not establish the present availability of every withdrawal route.
The 95% replenishment figure refers to the impacted amount but does not specify the valuation basis, meaning the remaining 5% cannot be converted into a specific dollar shortfall. Additionally, this percentage does not describe the proportion of tokens or withdrawal routes restored. Binance identified its corporate treasury, a planned partial deployment of the Secure Asset Fund for Users, and a portion of its futures insurance resources as the funding sources for the recovery.
The exchange described continued purchases through market and over-the-counter channels, alongside work with industry partners to finish the acquisitions of the remaining tokens. A broader reserve snapshot covering more tokens is planned for November 4, with proof generation estimated to take approximately 40 to 50 hours. Binance reiterated that it would bear the financial impact of the stolen funds rather than pass losses on to users.
Frequently Asked Questions
What percentage of stolen assets has Binance replaced?
Binance reported 95% replenishment of the impacted amount on November 1 and November 2, stating that approximately 5% remains outstanding due to the low liquidity of certain tokens.
When do withdrawals reopen for affected users?
Withdrawals began reopening progressively at 04:00 UTC on November 3, with availability expanding as security checks are completed for specific asset-network pairs.
