{
  "id": 17515417,
  "title": "Binance Says 90% of Stolen Assets Replenished as Withdrawals Face Next Test",
  "url": "https://urgent.news/2026/11/01/binance-says-90-of-stolen-assets-replenished-as-withdrawals-face-next",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-01T02:10:51.000Z",
  "source": {
    "name": "Korea IT Times",
    "slug": "korea-it-times",
    "url": "https://www.koreaittimes.com/news/articleView.html?idxno=158702"
  },
  "original_language": "en",
  "account": "Binance has replenished 90% of the assets lost in a recent hack, but the next challenge is ensuring withdrawals can proceed smoothly. The exchange had set aside over $6.34 billion in its Secure Asset Fund for Users (SAFU) and corporate reserves to cover the losses. However, providing customers with the exact tokens they requested requires significant quantities of each asset and confidence in the withdrawal systems' security. Binance's hot wallets were compromised on October 30, resulting in a loss of about $6.3 billion across 10 blockchains. The firm pledged to cover the losses using SAFU and corporate funds. An update on October 31 revealed that 90% of the missing assets had been replenished. Yet, the ability to meet customer withdrawals depends not only on the dollar value of holdings but also on the exchange's capacity to deliver the required assets and the availability of liquidity. The replenishment progress and the service restoration status must be evaluated together. Binance stated it worked with partners to freeze approximately $3 billion in assets to prevent further loss, but freezing and replenishment are separate processes. The company's next step will be to convert the replenishment commitments into usable withdrawal capacity. The investigation into the hack's security breach is ongoing, focusing on compromised access points, wallet private keys, signing systems, and withdrawal approval procedures. Until the investigation is complete, separate disclosures of frozen funds, returned assets, and replacements funded by the company are necessary to understand the extent of the losses.",
  "summary": "Binance’s announcement that it has replenished 90% of the assets lost in a major hack brings customer withdrawals into sharper focus. Setting aside enough money to absorb a loss is one step. Delivering the tokens customers request also requires sufficient quantities of each asset and confidence that withdrawal systems can operate securely.In an October 30 statement, Binance said its hot wallets…",
  "key_points": [
    "Binance replenished 90% of $6.34B stolen assets from October 30 hack",
    "Withdrawals face next test due to liquidity and security concerns",
    "$3B frozen assets to prevent further loss, investigation ongoing"
  ],
  "editors_take": "Restoring the majority of stolen funds shifts the exchange's priority from covering financial losses to proving it possesses the specific liquidity and technical security required to fulfill customer withdrawal requests.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}