Binance: About 80% of Stolen Funds Replenished, Withdrawals to Resume in Phases Within Roughly 34 Hours

October 31: According to an official Binance announcement, Binance's security incident progress notice #2 states that it has prepared more than $6.34 billion in company funds, of which more than $5 billion equivalent in corresponding token assets such as USDC, USDT, BTC, ETH and BNB is already in place, and about 80% of the stolen funds have been replenished, with the remainder being purchased through market and over-the-counter channels. About $3 billion in assets has been frozen on-chain so far, and at this stage no evidence of wallet private key leakage has been found. Binance plans to resume withdrawals in phases by token within about 34 hours, will take its first proof-of-reserves snapshot within 12 hours and publish the results before November 2 (Monday), and expects to release further technical investigation findings in about 48 hours.