Binance said in its Nov. 2 recovery update that less-liquid tokens were slowing the replacement of stolen assets. The exchange put the outstanding replenishment at approximately 5% of the impacted amount, while a separate withdrawal phase was scheduled for Nov. 3.
Withdrawal phase begins
The new phase was scheduled to begin at 04:00 UTC. In its Nov. 3 update, Binance said availability would expand progressively as security and readiness checks were completed for individual assets and networks.
Together, the disclosures explain why a commitment to cover stolen funds can coexist with unfinished recovery. Funding the purchases, obtaining the specific tokens and restoring the routes through which customers withdraw them are separate tasks.
Recovery milestones
Binance said proof for ten tokens at the October 31 snapshot was complete on November 2. This concerns backing at that snapshot.
A replenishment percentage does not establish that a particular withdrawal route is available.
Binance's statements are attributed reporting. The denominator's valuation basis is unspecified. No live route status or unreplenished token identity is established; the October 31 proof concerns ten named tokens.
Why the remaining tokens take longer
Binance reported approximately 95% replenishment of the impacted amount in its Nov. 1 recovery update. It repeated that figure on Nov. 2, attributing the outstanding portion to tokens outside the ten assets it said were fully backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.
The exchange said the remaining assets were less liquid and took longer to source in the required quantities. It described continued purchases through market and over-the-counter channels, alongside work with industry partners to finish the acquisitions.
In its Oct. 31 update, Binance identified corporate treasury, a planned partial deployment of its Secure Asset Fund for Users and a portion of its futures insurance resources as recovery funding sources.
The percentage also has a narrower meaning than a general recovery score. Binance describes the denominator as the impacted amount. It does not specify the valuation basis in those disclosures, so the remaining 5% cannot safely be converted into a dollar shortfall. Nor does 95% describe the proportion of tokens or withdrawal routes restored.
Binance's Nov. 2 update said the zero-knowledge proof for its Oct. 31, 00:00 UTC reserve snapshot was complete. It said holders of the ten named tokens could independently verify that their balances were backed at least one-for-one.
The proof concerns a defined set of assets at a dated snapshot. Backing at that snapshot does not establish present availability of every withdrawal route.
The latest withdrawal table illustrates why the network matters alongside the token. It includes RLUSD on Ethereum and XRP, and USDC on Sui, among routes planned for progressive reopening. Those entries identify the scope of the rollout, not which tokens remain unreplenished or whether each route is currently operational.
Restoring each withdrawal route
Binance said it was prioritizing tokens according to demand over the preceding week and restoring each network-asset pair after security checks.
For holders, the immediate check is the chosen asset and network. Binance directed users to its withdrawal page or network-status page to confirm availability, and warned that rollout traffic could cause temporary delays or longer processing times.
A separate transparency milestone is still ahead. Binance said it planned a Nov. 4 reserve snapshot covering more tokens, followed by proof generation estimated to take approximately 40 to 50 hours.
Binance reiterated that it would bear the financial impact of the stolen funds rather than pass losses on to users.
