Binance has announced that it has fully replaced the customer assets lost in its recent security incident, moving beyond the 98% replenishment reported on November 4. The exchange has reopened withdrawals on 87 networks this week and aims to restore the remaining networks and assets by the end of next week. However, some customers may still face delays in accessing their funds.
The latest update includes a reserve snapshot covering 198 tokens, an expansion from the 44 tokens in the November 4 snapshot. This snapshot, taken at 00:00 UTC on November 12, provides a broader view of the exchange's reserves but does not confirm the availability of all withdrawal routes or the completion of zero-knowledge proof generation.
Binance has committed to restoring its Secure Asset Fund for Users (SAFU) to approximately $1 billion, though this restoration is not yet complete. The exchange has drawn on corporate treasury, partial deployment of SAFU, and a portion of Futures insurance resources to cover the losses. The next milestones for customers include accessible verification for their covered assets and confirmed withdrawal availability.
Customers looking to move their covered balances off Binance are advised to check the withdrawal page for their chosen asset and network, as the reopening announcement does not guarantee immediate processing for every transfer. A small number of affected tokens that Binance no longer supports will be covered through its delisting process, with details on compensation yet to be specified.