Binance: Withdrawals are expected to resume in phases before 13:33 tomorrow, with a proof of reserves snapshot planned before 15:33 today.

October 31: Binance this morning released its second security incident progress announcement, disclosing two key subsequent timelines. The announcement was published at 3:33 AM today (UTC+8). Binance stated that it plans to conduct its first Proof of Reserves (PoR) snapshot within 12 hours after the announcement and publish the results before November 2; meanwhile, the technical team aims to gradually restore withdrawal services within approximately 34 hours, depending on the progress of security checks.

Based on the announcement publication time, Binance plans to complete its first PoR snapshot before 15:33 today, and withdrawal services are targeted to begin phased restoration before 13:33 tomorrow. Currently, approximately 6 hours and 20 minutes remain until the planned PoR snapshot time, and approximately 28 hours and 20 minutes remain until the withdrawal restoration target.

Binance previously stated that it has prepared more than $6.34 billion in corporate funds, of which approximately $5 billion equivalent in affected token assets are already in place, covering about 80% of the stolen assets; the remaining portion is being purchased through on-exchange and off-exchange channels. In addition, approximately $3 billion in affected assets have been frozen on-chain.