Binance's Latest Announcement: 90% of the $6.3 Billion Stolen Funds Recovered; What Coins are the Remaining $630 Million? Binance just released its third security incident announcement, increasing the recovery rate from 80% to 90%, having already used or arranged for over $6.34 billion of company funds to cover the losses. Most importantly, Binance explicitly promised users they would not bear any losses, and 10 major assets, including BTC and ETH, have achieved 100% reserve coverage. This announcement contains several crucial details: 1. 10 Assets with 100% Reserve Coverage: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC. 2. What is the Remaining 10%? This mainly consists of tokens with lower liquidity outside the aforementioned 10 assets, roughly equivalent to $630 million based on the $6.3 billion stolen. The main issues involved are: UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD, and other altcoins. 3. Where does the money come from? Mainly from three parts: SAFU User Security Fund Contract Insurance Fund Binance's own funds Binance has committed to replenishing SAFU to approximately $1 billion in the future. The Contract Insurance Fund will maintain the minimum coverage level required by the risk control framework, with any excess used for this compensation. 4. The proof of reserves has been updated. The snapshot time is 08:00 Beijing time on October 31st, but the complete zero-knowledge proof is expected to be generated on November 3rd. In other words, the 100% reserve coverage of 10 assets is currently the result announced by Binance; independent user verification still requires waiting for the complete proof. 5. Withdrawals are expected to resume on November 1st, but will still need to pass security checks. The specific resumption arrangements have not yet been finalized.