Binance Reports 90% Replenishment, With Less-Liquid Tokens Still Outstanding

What happened: Binance said by October 31 that it had replaced 90% of the stolen crypto, deploying approximately $6.34 billion through its corporate treasury, SAFU and Futures Insurance Fund, including an approximately $5 billion corporate treasury allocation. The exchange reported restored 1:1 backing for BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC, while the remaining approximately 10% consisted of less-liquid tokens requiring additional purchases. Binance also said SAFU would be restored to approximately $1 billion, while investigators found the intrusion extended beyond the initially suspected compromised employee laptop.

Why it matters: These disclosures describe how Binance says it is financing replacement assets, but the 90% figure remains an exchange statement without an independent audit in the supplied research, and the outstanding token composition has not been itemized. The reported $6.34 billion deployment and 90% replacement figure should be read separately: an aggregate funding amount does not establish that every stolen token has been repurchased in the required quantity. The remaining approximately 10% makes token-level availability a useful next disclosure, while the finding of additional intrusion points means replenishment alone cannot demonstrate that the security investigation is complete.

Sources: CoinDesk; Cointelegraph.