Binance has made significant progress in replenishing assets affected by its recent security incident. According to an update sent to customers on Saturday, October 31, 2026, the cryptocurrency exchange has replenished 90% of the affected assets. This development brings the exchange closer to resuming normal operations. The replenishment level has increased from approximately 80% in its previous update. Binance aims to restore customer confidence following the incident.
The replenished assets include Bitcoin, Ethereum, Tether, BNB, Solana, USD Coin, XRP, USD1, RLUSD, and Zcash, which are now fully backed at 100%. The remaining 10% comprises less liquid cryptocurrencies outside the top ten digital assets by market position. These may take longer to acquire through market purchases and over-the-counter transactions. Binance has funded the replenishment through a combination of its Secure Asset Fund for Users (SAFU), a portion of its Futures Insurance Fund, and its corporate treasury.
Binance expects the partial deployment of SAFU funds to be completed within 24 hours, while maintaining a remaining balance in its Futures Insurance Fund. The company will continue purchasing the outstanding assets until all affected tokens reach 100% coverage. To achieve this, Binance is working with industry partners to source less liquid cryptocurrencies. This effort aims to ensure that customer assets remain backed.
As part of its efforts to demonstrate that customer assets remain backed, Binance has published a fresh Proof of Reserves snapshot dated October 31, 2026, at 00:00 UTC. The exchange's zero-knowledge proof verification process takes approximately 40 to 50 hours to generate, with completion expected on Tuesday, November 3, 2026. Once completed, holders of the ten identified cryptocurrencies will be able to independently verify that their assets are backed at a minimum ratio of 1:1.
The next major milestone for Binance is the restoration of withdrawal services. The exchange expects to reopen withdrawals on Sunday, November 1, 2026. However, a confirmed reopening time has not been announced, with further details to be communicated once available. Binance has reiterated its commitment to covering all direct losses associated with the security incident.
The exchange's efforts to restore normal operations include demonstrating its recovery through asset replenishment, transparent reporting, and measurable progress. The resumption of withdrawals and completion of asset replenishment are key indicators of Binance's recovery. The latest update comes as the exchange works to regain customer trust following the incident.
Binance's incident response and recovery efforts are being closely watched by the cryptocurrency community. The exchange's ability to replenish affected assets and resume withdrawals will be crucial in restoring confidence among its users. With the replenishment of 90% of affected assets and a target to resume withdrawals on Sunday, Binance is taking steps towards recovery.
Key points
- Binance has replenished 90% of assets affected by its recent security incident.
- The exchange targets resuming withdrawal services on Sunday, November 1, 2026.
- Binance has published a fresh Proof of Reserves snapshot to demonstrate that customer assets remain backed.
