Binance Releases Proof of Reserves for 10 Assets; 95% of Losses Covered

Binance said it has covered roughly 95% of assets affected by a security incident, with the remaining ~5%—illiquid tokens—still being procured, per a November 2 recovery notice. The exchange published proof-of-reserves for its top 10 assets, noting the outstanding tokens fall outside that list, and said it is continuing purchases with industry partners to secure the needed amounts. Founder Changpeng Zhao said on X that 100% of funds have been allocated, but converting the residual 5% into smaller tokens will take time; he stressed that the 100% allocation rate and the 95% coverage rate are distinct metrics. The figures also differ from earlier reporting on tracing and freezing of stolen funds, so the actual asset recovery rate and the compensation ultimately passed to users remain unclear. Watch for updates on the completion of token procurement, further proof-of-reserves disclosures, and any clarification on how much of the shortfall is actually reimbursed to affected users.