The Block(@TheBlockCo):UPDATE: Binance co-CEO Richard Teng said the exchange is targeting Monday to publish its initial proof of reserves. He also said Binance is rebuilding its withdrawal service. "We are very hopeful that users will be able to withdraw prior to our Sunday deadline, which is on track to be within 40 hours," Teng said in an X video on Friday.

2026.10.30 15:07

UPDATE: Binance co-CEO Richard Teng said the exchange is targeting Monday to publish its initial proof of reserves. He also said Binance is rebuilding its withdrawal service. "We are very hopeful that users will be able to withdraw prior to our Sunday deadline, which is on track to be within 40 hours," Teng said in an X video on Friday.

The Block@TheBlockCo

2026.10.30 11:24

THE BLOCK: Binance said it has reserved $6.34 billion in company funds to cover losses from the recent security incident. The exchange holds $5 billion in affected tokens and is acquiring the remainder through market and OTC channels. Recovery efforts continue with law enforcement and blockchain intelligence firms.