PANews|Oct 30, 2026 11:30
Binance has begun reclaiming stolen assets and is purchasing all stolen altcoins through OTC and other means to complete Proof-of-Return (PoR) transactions. Binance has begun reclaiming the assets stolen in this security incident and has prepared over $6.34 billion in company funds to cover all losses. Of this, over $5 billion worth of corresponding tokens have already been secured, and the remainder is being purchased through market and OTC channels to ensure the tokens are consistent with the affected tokens. Due to the low liquidity of some tokens and the time required for OTC settlement, the reclaiming process may be lengthy. The above amounts do not include frozen or protected assets. Currently, approximately $3 billion in assets are frozen, and Binance is collaborating with partners and law enforcement to recover them. For verified asset shortfalls, Binance will continue to use company resources to make up the difference, and user funds can be verified through Proof-of-Return.
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