The final 10 percent comprises altcoins with diminished liquidity. Binance has stated its commitment to acquiring these assets through market trades and over-the-counter (OTC) deals.
The firm emphasized that it will absorb all financial damages incurred from the incident, ensuring users experience no impact from the losses.
Binance Activates SAFU and Futures Insurance Funds
Binance has revealed that it has activated several funding mechanisms to address losses that exceed $6.34 billion.
The exchange indicated it will utilize part of its SAFU emergency fund, designed to safeguard user assets, with this transaction anticipated to finalize within the next 24 hours.
Additionally, the company has shifted a segment of its Futures Insurance Fund, created to offset potential losses in futures trading, to repurchase the assets adversely affected by the incident.
Binance clarified that only surplus resources from the insurance fund, which surpass the necessary security threshold, were utilized, ensuring the fund remains above the minimum level mandated by risk management protocols.
Furthermore, Binance committed to rebuilding the SAFU fund to roughly $1 billion.
In addition to these measures, the company plans to tap into its corporate treasury to fully cover the financial impact of the stolen assets.
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Binance Publishes Updated Proof-of-Reserve Report
Binance has introduced a new Proof of Reserves (PoR) framework aimed at enhancing transparency about the status of user assets after the attack.
The reserve snapshot, dated October 31, 2026, at 03:00 Turkish time, has reportedly been uploaded to Binance’s official Proof-of-Return (PoR) page.
The exchange mentioned that compiling the zero-knowledge proof, which offers cryptographic verification of reserves, typically requires around 40 to 50 hours.
Comprehensive verification data is anticipated to be available by Tuesday, November 3rd, allowing users to independently verify that their holdings in the ten mentioned cryptocurrencies align at least one-to-one.
When Will Withdrawal Functions Resume on Binance?
A key aspect of Binance’s announcement was the revival of withdrawal options, which had been temporarily halted.
The company indicated that security checks and infrastructure improvements are proceeding as scheduled, with a target date for resuming withdrawals set for Sunday, November 1st.
While the exact timeline remains uncertain, Binance assured users that details about resuming trading will be communicated via official channels.
Additionally, the exchange reaffirmed that altcoin acquisitions are ongoing for the outstanding 10% portion, and once complete, Binance will assume all financial losses stemming from the attack.
*This content is not investment advice.