Binance increased the proportion of stolen funds covered to 90%, compared with approximately 80% in its previous update. The exchange will allocate more than $6.3 billion in company funds to the incident, drawing on its SAFU emergency reserve, Futures insurance fund and corporate treasury. Ten major crypto assets and stablecoins, including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC, are fully backed at 100%. The exchange expects to resume withdrawals on November 1 and has published a reserves snapshot, with the full zero-knowledge proof expected by November 3.
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