Binance says it has replaced 90% of the assets stolen in Thursday's $6.3 billion hack, up from about 80% in its previous update. Ten major assets — BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC — are now claimed to be fully backed for customers. Withdrawals are planned to reopen in stages today, Sunday, November 1, on the schedule announced earlier.
Where the replacement money comes from
Binance has set aside more than $6.34 billion in company funds to cover the losses, including about $5 billion already held in the affected tokens. The replacement is paid from the corporate treasury, part of its futures insurance fund, and part of its SAFU emergency fund, which it plans to restore to about $1 billion. About $3 billion in other stolen assets was reportedly frozen with partners. Binance's line, as quoted in the press: the company absorbs the loss, not its users.
What is not finished yet
The remaining roughly 10% is less liquid tokens, which Binance says will take longer to buy in the required amounts. Binance also published a new reserves snapshot taken October 31 at 00:00 UTC showing coverage of 100% or more for those tokens — but the full cryptographic proof that would let customers check their own balances is only due November 3. Until that proof lands, "fully backed" is Binance's statement, not something you can verify yourself.
On attribution, analytics firms TRM Labs and Chainalysis link the attack to TraderTraitor, a North Korea-linked group. The investigation is still open, and Binance says investigators found additional entry points beyond the employee laptop first suspected.
The market this morning
Bitcoin heads into the weekend around $77,465 (snapshot October 31 midday GMT), down 3.2% from the previous Monday's open and still capped below $80,000. Two more tests land this week: Binance's withdrawal reopening today, and US jobs data on Friday, November 6. The full hack chronology is in our earlier piece.
A freebie that ends tomorrow
A reminder from yesterday's edition: the free trial of the Mischief video model on fal.ai ends November 2, 2026. After that date, don't count on it being free.
Sources: CoinDesk (Oct 31, 2026), Reuters (Oct 31, 2026). Figures are snapshots at writing time, early November 1, 2026 WIB, and can change; this page is updated if Binance announces the withdrawal reopening or the full reserve proof.
Writing about crypto and Super Intelligence: market news, new projects, Super Intelligence models, and early opportunities like airdrops and testnets. Every piece starts from the official announcement, with the costs worked out up front.