❯ Binance says it has replaced $6.3 billion in stolen assets, with a new reserve snapshot covering 198 tokens

The exchange funds the shortfallBinance says it has completed replacement of assets affected by its security incident, involving approximately $6.3 billion in losses. It previously committed more than $6.34 billion in company funds and sourced tokens through markets and over-the-counter channels. Funding came from its treasury, part of the SAFU emergency reserve and futures insurance funds above risk-management requirements.

Replacement covers a range of tokensThe October 29 theft affected multiple customer assets, requiring the exchange to acquire different tokens rather than simply hold equivalent cash. Its new reserve snapshot covers 198 tokens at midnight UTC on November 12. A small number of unsupported tokens will be covered through its delisting process. Binance also committed to restoring SAFU to approximately $1 billion.

Independent checks await proof generationBinance expects the full zero-knowledge proof to take approximately 40–50 hours to generate, after which users can verify at least one-to-one backing; withdrawals continue reopening in phases. The proof allows users to check asset coverage while limiting disclosure of individual account information. Asset purchases, reserve verification and withdrawal availability affect solvency, transparency and usable service respectively, each contributing to the recovery of trust.

▮ SIGNALReplacing tokens shifts the immediate loss to Binance’s treasury and protection funds, while restored trust depends on verifiable backing, working withdrawals and replenished emergency reserves.