Binance reports 90% of hacked funds now covered and plans to resume withdrawals Sunday.
Security & Exploits ·
Binance has replenished 90% of a stolen asset shortfall, with the ten largest tokens including BTC, ETH, and SOL now holding 100% reserve backing. The exchange funded the replenishment through a partial SAFU deployment, reallocation from its Futures Insurance Fund, and corporate treasury resources, and has committed to restoring SAFU to approximately $1 billion. Withdrawal services are scheduled to resume November 1 as planned.