Binance has begun buying back tokens lost in its $6.3 billion hack, with blockchain data showing wallets associated with Ethena sending 128.63 million ENA tokens worth about $24 million to the exchange on October 31.
According to onchain tracking data, the ENA tokens were transferred from an address labeled "Ethena: Coinbase Prime Custody" in batches of roughly 25.25 million ENA. This transfer covers approximately 59% of the 217.5 million ENA tokens stolen from Binance on October 29.
Binance stated in an October 30 update that it holds $5 billion of the $6.3 billion in stolen assets and is actively purchasing the remaining 20% through market and over-the-counter channels. The exchange said it has set aside more than $6.34 billion through its Secure Asset Fund for Users, corporate treasury, and reserves to cover all stolen funds.
The stolen ENA had previously been dumped by the hacker, who sold 217.5 million tokens for approximately $33.93 million across seven sales that generated 70,480 ETH. ENA is currently trading near $0.19.
Beyond Ethena, Binance confirmed it would repurchase 3.38 billion RSR tokens stolen in the attack, with Reserve Protocol inferring the buyback will be completed by November 2, when Binance has promised a full proof-of-reserves report. RSR tokens are valued at approximately $4.6 million at current prices near $0.00137 per token.
Binance pledged to make all users whole through its emergency reserves and corporate treasury. An initial proof-of-reserves snapshot is targeted within 12 hours of the October 30 update, with results expected by November 2. Withdrawals are scheduled to resume in phases within approximately 34 hours, subject to security checks.
