Spigg 🔶(@Spigg1115):TLDR of the latest update: 90% of the hacked amount is already covered and the top 10 tokens (BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC) are fully backed 100%. Binance set aside more than $6.34B of its own funds for this! the SAFU fund was only partially used, to buy the last 10% of less liquid tokens. most of the work was done with Binance's corporate treasury and the excess of the Futures insurance fund. as planned and told many times, users won't bear the cost. Binance absorbs it. SAFU will be replenished back to around $1B, a new Proof of Reserves snapshot is already live, and withdrawals are on track to reopen Sunday, November 1. number 1 reaction/actions.

2026.10.31 14:35

TLDR of the latest update: 90% of the hacked amount is already covered and the top 10 tokens (BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC) are fully backed 100%. Binance set aside more than $6.34B of its own funds for this! the SAFU fund was only partially used, to buy the last 10% of less liquid tokens. most of the work was done with Binance's corporate treasury and the excess of the Futures insurance fund. as planned and told many times, users won't bear the cost. Binance absorbs it. SAFU will be replenished back to around $1B, a new Proof of Reserves snapshot is already live, and withdrawals are on track to reopen Sunday, November 1. number 1 reaction/actions.

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