Binance's emergency wallet now holds about half what it did. Onchain data cited by CoinDesk on November 3 shows the address Binance publishes as its Secure Asset Fund for Users (SAFU) wallet holding just over 7,500 BTC. The drop came through four transactions on October 31. In February the same wallet held 15,000 BTC, after Binance converted a roughly $1 billion fund from stablecoins into bitcoin. At about $77,000 a coin, what remains is worth around $580 million.
A refill rule that does not cover spending
Cointelegraph reported on November 2 that Binance confirmed the 7,499 BTC transfer as a partial SAFU deployment. On October 31 Binance said that deployment was part of the $6.34 billion it set aside to cover the hack, alongside its corporate treasury and a portion of its futures insurance fund. It also pledged to restore SAFU to about $1 billion. What it did not say: when the refill happens, or how much of the futures insurance fund was used.
That gap is the point. Binance's SAFU FAQ says the fund is rebalanced back to $1 billion if its value falls below $800 million due to BTC price fluctuations. The rule is written for a falling price, not for money being spent. So even though the remaining $580 million sits below the $800 million line, the written rule does not trigger an automatic refill for a drawdown like this one. CoinDesk said it had asked Binance for comment, and none was quoted when its article went out.
What has not changed
Half is not empty, and this drawdown is not evidence that Binance is insolvent. It is one leg of a larger coverage effort: Binance claims about 95% of the stolen assets have been replaced, and the zk proof for the October 31 reserves snapshot is done for 10 tokens at a minimum of 1:1 backing. Three things are worth watching now: a SAFU refill announcement, the futures insurance figure, and the next reserves snapshot on November 4, whose proof is expected to take 40 to 50 hours. The reserves proof users can already verify themselves is in our zk-proof article. Customer outflows since withdrawals reopened are in our outflows article.
Sources: CoinDesk (Nov 3, 2026), Cointelegraph via MABOnChain (Nov 2, 2026), Binance announcement, October 31, 2026. Figures are snapshots at writing time, afternoon November 3, 2026 WIB, and move with the BTC price.
Written by Mastechon
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.
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