Binance began restoring withdrawals in phases at 06:00 UTC on November 1, 2026. By 12:36 UTC, withdrawals had resumed for all 15 networks and assets in the initial phase. After an initial spike, withdrawal volumes have declined and are stabilising as expected, while deposit volumes have remained substantial. Between 06:00 and 15:30 UTC on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion. This represents 2.1% of our $171 billion in total assets under management (AUM), based on the latest available Proof of Reserves (PoR) data as of October 28, 2026. A new PoR snapshot was taken at 00:00 UTC on October 31, and zero-knowledge proof (ZKP) computation began. The updated report is expected to be available on our PoR website tomorrow. Our team continues testing rigorously the remaining networks and assets. We know how important safe and reliable access to your funds is and will share details of the next phase as soon as we can. Rest assured that market conditions are stable. Thank you for your patience and continued support.

Binance has allocated US$6.34 billion of its own corporate funds to the User Fund. In the current User Fund, BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have all achieved 100% full reserve backing. We will continue to purchase other altcoin assets that are not yet 100% matched through market and over-the-counter (OTC) channels until the replenishment ratio for all tokens reaches 100%. We completed a new Proof of Reserves snapshot at 08:00 (UTC+8) on October 31, 2026, and have updated it on the Proof of Reserves website. This snapshot presents the latest fully verified asset position and is part of our ongoing commitment to transparency. Because generating zero-knowledge proofs requires substantial computing resources, it is expected to take approximately 40 to 50 hours. If you hold any of the aforementioned ten tokens, you can independently verify, once the complete proof is generated, that your assets are backed by at least 1:1 full reserves. The complete proof is expected to be published on Tuesday, November 3, 2026 (UTC).

Massive respect to @binance & @cz_binance for well handling this extremely difficult situation. Not everyone can make a firm statement within hours from a $6b hack to commit to making sure the users whole. All the best to their asset recovery 🙏

Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds. The company has already publicly committed to cover losses through company funds in the prior announcement. Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can. These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves. We will weather this storm. Thank you for the support.

$5B token assets already in place for the stolen funds!!! The remaining tokens varied, and need to buy from the market and OTC to match the user assets. Will take some time. Ultimately Proof of Reserve will be publicly verifiable. Now is still in the process.

Binance’s SAFU fund and Binance’s holdings include a large amount of assets such as BTC and ETH. We are currently buying, through OTC and on-exchange, all the stolen altcoins in fully matching amounts. We will update everyone again once the purchases are complete. 币安的SAFU基金和币安持有币种包括大量的BTC和ETH等资产，目前正在通过OTC和场内买入完全匹配被盗的所有山寨币来完成POR，购入完成后再次为大家同步信息。

**Service Update** Deposits remain unaffected and continue to operate as normal. Our team is currently working on enhancements to the withdrawal service and related address controls. We expect to begin resume withdrawal services in the next 48 hours. We will continue to share updates through official Binance channels as progress is made.

Latest key updates: 1. Users' funds are safe. Company will cover all losses fully. 2. Deposit and withdrawal will resume AFTER security checks completed to prevent further loss. 3. Cause is not a private wallet key hack. More likely a device compromise leads to production system. The tech team is still investigating and more detailed security post-mortem will share later. 4. Global law enforcements are in contact and collaboration. Thank you for all the partners that have been proactively reaching out to us to support lost fund frozen on chain! 🙏

User funds are SAFU! Yet, this pregnant lady 👇 pulled an all nighter, along side hundreds of Binancians. Many industry friends and even competitors (including some previously-not-so-friendly ones) provided very much needed help. 🙏 It hurts, but we will survive. 💪

Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help. Moments like this call for the industry to work together. Openly sharing any useful information and helping to protect customers should come first, regardless of which platform they use. If you can do anything to help, please do! Crypto has been through many tough times, and has always come out stronger on the other side. This won’t be any different.

Update: The current verified total frozen amount is around $3 billion. Our teams continue to work closely with law enforcement, issuers, blockchain intelligence firms and industry partners to trace and freeze additional assets. We will only share confirmed figures and will provide further updates as more verified information becomes available. User funds are safe.

even though many details of its neural dynamics are still not fully understood. That uncertainty itself may leave room for interesting design possibilities. There are still many interesting directions to explore around on-chain / immortal fruit flies on @BNBCHAIN . - BNB Chain is fast and low-cost enough to potentially host parts of a fly’s neural behavior on-chain, while serving as a permanent layer for identity, brain state, memory, lineage, and interaction history. A fly could die in a game while its brain state remains preserved and can later be instantiated again, creating a form of digital immortality. - or multiple fly brains sharing environments and memories, gradually forming an evolving on-chain digital species. Maybe this is how we finally get truly persistent on-chain life, years after CryptoKitties😄.

Chinese students' understanding of Western civilization is far deeper than the general public impression suggests. Greek mythology and epics are essentially a core part of the must-read extracurricular books for primary and secondary school students.

The podcast is great for listening to while exercising at night. This once again shows: how heavy the echo chamber of fake news on social media can be; humans only believe what they want to believe; 陈述, 转述和事实是三个不同的词.

The last crypto cycle produced almost no utility because the US spent it suing builders. We believe the next one is going to look completely different. Not because the technology changed, but because the policy did. We think the market is still pricing in the old regime.