Binance reports 98% of stolen assets replenished and releases new Proof of Reserves snapshot with expanded coverage.
Regulation & Gov ·
Binance announced it has replenished approximately 98% of assets stolen in a recent security incident, drawing from the exchange's own resources rather than user funds. The firm stated it had set aside more than 100% of the required amount to cover losses and continues acquiring the remaining 2% through market and over-the-counter channels.
The recovery reflects Binance's commitment to absorb the incident's financial impact directly. The final portion of replenishment is expected to proceed more slowly due to lower liquidity in the remaining token assets, which the exchange is sourcing through varied acquisition channels.
The announcement does not disclose the total value of the theft, the specific tokens affected, or a timeline for completing the 2% remainder. Binance indicated it would continue issuing recovery updates.