Foresight News
Foresight News|Nov 04, 2026 15:25
[Binance: 98% of Stolen Assets Recovered; New Reserve Proof Snapshot Covers 44 Tokens] According to Foresight News, Binance released an update on the security incident recovery progress, stating that approximately 98% of the affected assets have been recovered. Binance will continue to purchase the remaining tokens through market and OTC channels. Due to the low liquidity of the remaining 2% of tokens, the purchase is expected to take some time. Binance stated that it will bear all losses of the stolen funds in this incident and has already reserved more than 100% of the required total assets from its own funds. Furthermore, Binance completed a new round of reserve proof snapshots at 8:00 AM on November 4th, expanding the covered tokens from 10 in the previous round to 44. The complete zero-knowledge proof is expected to take approximately 50 to 60 hours to generate. At that time, users holding tokens within the covered range can independently verify whether their account balances are supported by at least 1:1 reserves.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads