PANews
PANews|Oct 30, 2026 19:54
[Binance: Approximately 80% of Stolen Funds Recovered, Withdrawals to Resume in Phases Within 34 Hours] According to an official Binance announcement, Binance released Security Incident Progress Announcement 2, stating that it has prepared over $6.34 billion in company funds, including over $5 billion equivalent in USDC, USDT, BTC, ETH, BNB, and other corresponding token assets, which are already in place. Approximately 80% of the stolen funds have been recovered, and the remaining portion is being purchased through market and over-the-counter trading channels. Currently, approximately $3 billion in assets are frozen on-chain, and no evidence of wallet private key leakage has been found at this stage. Binance plans to resume withdrawals in phases by token within approximately 34 hours, will conduct the first proof-of-reserve snapshot within 12 hours, and will announce the results before November 2nd (Monday). Further technical investigation results are expected to be released within approximately 48 hours.
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