Binance says it has completed replacement of customer assets lost in its security incident and reopened withdrawals on 87 networks this week. The exchange aims to restore the remaining networks and assets by the end of next week, meaning some customers will continue waiting despite the completed-coverage announcement.
The announcement, dated November 13, accompanies a reserve snapshot covering 198 tokens. This represents an expansion from the 44-token snapshot in Binance's November 4 update, when the exchange reported approximately 98% replenishment with purchases of less-liquid tokens still ongoing.
Reserve Snapshot and Verification Timeline
Binance says the new snapshot was taken at 00:00 UTC on November 12 and covers 198 tokens. The snapshot is available on Binance's proof-of-reserves website, but a published snapshot and available verification results represent different stages of the process.
Binance estimates approximately 40 to 50 hours to generate the full zero-knowledge proof, after which holders would be able to verify one-for-one backing. The announcement does not confirm that proof generation is complete.
Phased Withdrawal Reopening
In its November 14 recovery update, Binance warned that customers moving covered balances off the exchange must check the withdrawal page for their chosen asset and network. The reopening announcement does not guarantee that every route is available or that every transfer will process immediately.
Binance warned that rollout traffic could cause delays or longer processing times. A small number of affected tokens that Binance no longer supports will be covered through its delisting process, though the announcement does not specify how or when those holders will be compensated.
SAFU Fund Restoration
Binance says it committed more than $6 billion in company funds to cover losses, drawing on corporate treasury, partial deployment of its Secure Asset Fund for Users, and a portion of Futures insurance resources. The exchange separately commits to returning the SAFU to approximately $1 billion, though the announcement does not report this restoration as complete.
