Binance Hack Update Withdrawals: 90% Funds Replenished, Withdrawals Targeted for November 1
📅 Last Updated: November 1, 2026 | TechVerveMedia
TechVerveMedia Analysis: Binance hack update withdrawals remain targeted for November 1, 2026, rather than confirmed as reopened. Binance’s October 31 announcement says it is on track to restore withdrawals, while reporting that approximately 90% of the stolen assets have been replenished. The 90% figure refers to the replenishment Binance has reported, not confirmation that every affected asset or withdrawal service is already available. Binance Recovery Update #3
Binance has replenished approximately 90% of the cryptocurrency assets stolen in the security incident that the company estimates caused about $6.3 billion in total impact. In its official Recovery Update #3, published on October 31, Binance said it remains on track to reopen user withdrawals on Sunday, November 1, 2026.
The update marks an increase from the roughly 80% replenishment reported in Binance’s previous update. The company said the remaining 10% involves affected tokens outside the ten largest assets, which are less liquid and must be sourced through market and over-the-counter channels.
$6.34 Billion Committed to Cover Losses
Binance said it had previously committed more than $6.34 billion in company funds to cover losses from the incident. The replenishment has been funded through the exchange’s corporate treasury, part of its futures insurance fund, and a partial deployment of its Secure Asset Fund for Users, known as SAFU.
Binance said the SAFU deployment was expected to take place over the following 24 hours. The company also said it intends to replenish SAFU back to approximately US$1 billion.
The exchange reiterated that it will absorb the financial impact and that users will not bear the loss from the stolen assets.
Ten Tokens Now Fully Backed
Binance confirmed in its official Recovery Update #3 that ten major tokens are now fully backed at 100%, or at least 1:1, against user holdings.
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- BNB
- Solana (SOL)
- USD Coin (USDC)
- XRP
- USD1
- RLUSD
- Zcash (ZEC)
The company said it will continue purchasing the remaining relevant tokens until all affected assets reach full coverage.
New Proof of Reserves Snapshot
Binance said it took a new Proof of Reserves snapshot at 00:00 UTC on October 31, 2026. The snapshot had already been updated on its PoR website at the time of the announcement.
The full zero-knowledge proof is expected to take 40 to 50 hours to generate. Binance said it expects the complete proof to be available by Tuesday, November 3, 2026 (UTC).
Once available, users holding any of the ten fully backed tokens will be able to independently verify that their assets are backed at a minimum 1:1 ratio. Proof of Reserves is not the same as an independent financial audit, and it does not by itself guarantee immediate withdrawal availability for every asset or network.
Binance Hack Update Withdrawals: November 1 Target
Binance said restoring withdrawals is its next operational milestone. In the official announcement, it stated that it remains on track to reopen withdrawals within the previously stated timeframe of Sunday, November 1, 2026.
The company did not publish an exact reopening time in Recovery Update #3. Binance said it would provide a further update once operational details are confirmed.
In its Security Incident Update #2, Binance said the technical team targeted a phased restart of withdrawals within approximately 34 hours, subject to security checks. The October 31 Recovery Update #3 does not provide a detailed token-by-token reopening schedule.
Deposits and other unaffected platform services remained operational, while withdrawals were temporarily suspended as of Binance’s October 30 update.
FBI Attributes Attack to North Korea’s TraderTraitor
The FBI said North Korea was responsible for the theft of more than $6 billion in virtual assets from Binance on or about October 29, 2026. The FBI refers to this specific North Korean malicious cyber activity as TraderTraitor.
The FBI, together with the U.S. Secret Service and IRS Criminal Investigation, said it observed TraderTraitor actors converting stolen assets primarily into Ethereum. It expects the assets to be further laundered through decentralized-finance services and instant-swap platforms.
Binance said in its October 30 Security Incident Update #2 that it had worked with law enforcement, blockchain-intelligence firms, asset issuers, and industry partners to trace and freeze affected assets. Approximately $3 billion had been frozen on-chain at that time.
Initial Access Claim Remains Preliminary
Binance’s initial investigation suggested the incident may have involved a compromised laptop. The company later said its investigation had uncovered additional points of breach and that it had found no evidence wallet private keys were leaked.
This remains part of an ongoing investigation, not a confirmed final forensic finding. Binance said it was working with internal and external security experts to establish the full attack sequence and contributing factors.
What Happens Next
Binance says its immediate priorities are to complete replenishment of the remaining affected assets, restore withdrawals, and publish the full Proof of Reserves verification. The company has promised a further operational update once the exact withdrawal reopening details are confirmed.
TechVerveMedia Verdict / Editorial Note:
Binance has provided successive public updates, named funding sources, and a dated Proof of Reserves snapshot. Those steps support the company’s claim that recovery is advancing quickly.
The 90% replenishment figure is significant, but it is not the same as full recovery. Binance still needs to complete the remaining 10%, restart withdrawals, and publish the complete zero-knowledge Proof of Reserves.
As of the latest official recovery update reviewed for this article, withdrawals were still described as a scheduled November 1 target rather than a confirmed completed reopening. Users should wait for an official Binance notice before assuming that withdrawals are available for every token and blockchain network.
Bottom Line
The latest Binance hack update withdrawals position is that 90% of stolen assets have been replenished and withdrawal services are targeted to resume on November 1, 2026. Binance’s official announcement still describes the reopening as a target, so users should await the exchange’s confirmation before attempting withdrawals.