About 80% of stolen funds has been replenished, Binance expects to restore withdrawals in phases within 34 hours

Odaily Report: According to Binance monitoring, Binance issued security incident progress announcement #2 at 3:33 this morning, disclosing the investigation and asset compensation progress over the past 24 hours. The announcement stated that at 04:05 on October 30, 2026 (UTC+8), Binance's hot wallet was attacked, resulting in the loss of approximately $6.3 billion in token assets. Binance said it will fully cover the losses through the SAFU fund and the company's own funds, and will not pass the losses on to users. Currently, Binance has prepared more than $6.34 billion in company funds, of which more than $5 billion equivalent in assets such as USDC, USDT, BTC, ETH, and BNB have been secured, about 80% of the stolen funds has been replenished, and the remaining portion is being purchased through market and over-the-counter trading channels. Previously, Binance had frozen about $3 billion in assets on-chain. Regarding the cause of the attack, Binance said that the initial investigation believed the incident may have involved a compromised laptop, and subsequent investigation found that there were other points of intrusion. No evidence of wallet private key leakage has been found so far, and further technical investigation results are expected to be announced within about 48 hours. Regarding follow-up arrangements, Binance is striving to restore withdrawal services in phases within about 34 hours, depending on the progress of security checks; it plans to take its first proof-of-reserves snapshot within 12 hours and announce the results by November 2. Binance will continue to cooperate with law enforcement agencies, blockchain intelligence companies, and asset issuers to track and recover the stolen funds, and will release a complete technical post-mortem report.