Binance says it has completed coverage of assets affected by a security incident, after committing more than $6.34 billion to cover the losses. The exchange said it sourced affected tokens through market and over-the-counter channels.
Binance said the effort was funded by a partial deployment of its Secure Asset Fund for Users (SAFU), a portion of its Futures insurance fund above the amount required by its risk-management framework, and its corporate treasury. The company said it plans to replenish SAFU to approximately $1 billion. Binance describes the fund as an emergency reserve for user protection.
The exchange also published a Proof of Reserves snapshot taken at 00:00 UTC on November 12, 2026. It covers 198 tokens. Binance said users holding affected tokens will be able to verify that their assets are backed at a minimum of 1:1 once the full zero-knowledge proof is generated. The company estimated that this would take about 40 to 50 hours because of the computational workload.
Binance said withdrawals were reopening in phases and that it would provide further updates when confirmed. Its announcement did not specify which withdrawals had reopened or give a current status for individual assets.
A very small number of affected tokens are no longer supported by Binance. The company said it would handle those tokens under its delisting process and cover users who hold them.
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