Binance says it has covered approximately 95%of the losses from the theft incident, with the remaining 5%still being purchased
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Binance says it has covered approximately 95%of the affected amount in the theft incident, with approximately 5%still being purchased.
Article
⚡️Binance has covered approximately 95%of the losses, with the remaining 5%still being purchased
According to BlockBeats,November 1，Binance announced the latest progress on the security incident, stating that it has covered approximately 95%of the affected amount in the theft incident, further increasing from the previously announced 90%Approximately 5%consists of tokens outside the top assets. Due to low market liquidity,Binance is still being purchased through market and over-the-counter (OTC) channels, and more time is needed to reach the required scale.Binance also stated that BTC、ETH、USDT、BNB、SOL、USDC、XRP、USD1、RLUSD and ZEC user balances are fully covered by 100%reserves, and users can verify this through the Proof of Reserves (PoR) page.Binance reiterated that it will bear all economic losses caused by the stolen funds and will not pass the losses on to users. After the investigation concludes, the platform will also release an incident review report disclosing more details.
Original link https://m.theblockbeats.info/flash/374863
Key points
01
BlockBeats reported that November 1 Binance released the latest progress on the security incident.
02
Binance says it has covered approximately 95%of the affected amount in the theft incident, up from the previously announced 90%.
03
The remaining approximately 5%consists of tokens outside the top assets; Binance says that due to low market liquidity, they are still being purchased through market and over-the-counter channels.
04
Binance says that the user balances of BTC、ETH、USDT、BNB、SOL、USDC、XRP、USD1、RLUSD and ZEC have achieved 100%reserve coverage.
05
Binance says it will bear all economic losses caused by the stolen funds and will not pass the losses on to users.
06
Binance says it will release an incident review report after the investigation concludes.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
In simple terms, Binance says that most of the affected amount has been replenished; the unfinished portion involves low-liquidity tokens, so purchasing them requires more time. The platform also says that users can verify the reserve coverage of the listed 10 types of assets through the Proof of Reserves page.
Why it matters to readers
The incident concerns whether user balances can receive full backing and whether the platform will bear the stolen losses itself. The progress of purchasing the remaining tokens and the subsequent incident review report will affect whether these statements can be further confirmed.
If you hold the relevant assets on Binance, you can follow the Proof of Reserves page, the purchasing progress for the approximately 5%remaining, and the subsequent incident review; this article relays Binance's statements as reported by the media.
Risks and unknowns
The text does not provide the stolen amount, the remaining purchase volume, or a list of the specific low-liquidity tokens involved.
The text does not include Binance's original announcement or the Proof of Reserves page, so the coverage rate cannot be independently verified based solely on this material.
The investigation has not yet concluded, and the cause of the incident and further details remain pending disclosure in the incident review report.
The completion time for purchasing the remaining approximately 5%has not been specified.
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market liquidity
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