Binance Says It Has Covered Incident-Affected Assets and Published a New Reserve Snapshot
Binance says it has covered the assets affected by its security incident. A new reserve snapshot covers 198 tokens, with verification proof still being generated.
Binance says it has completed coverage of assets affected by its security incident and published a new Proof of Reserves snapshot. The exchange says it committed more than $6.34 billion in company funds and sourced affected tokens through market and over-the-counter channels.
The funds came from part of the Secure Asset Fund for Users (SAFU), a portion of the futures insurance fund above the level its risk framework requires, and the corporate treasury. Binance plans to replenish SAFU to approximately $1 billion.
The new snapshot was taken on November 12, 2026 at 00:00 UTC and covers 198 tokens. Generating the full zero-knowledge proof will take approximately 40 to 50 hours; after it is available, holders of affected tokens will be able to verify their assets are backed at a minimum of 1:1.
Withdrawals continue to reopen in phases, and Binance will provide further updates when confirmed. A small number of affected tokens that Binance no longer supports will be handled under its delisting process and their holders will be covered.
Source: Official exchange announcement
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