Binance asset replenishment reaches 98% as illiquid purchases continue
Photo: The Cryptonomist
Binance has replenished 98% of the $6.34 billion in affected assets following the October 29, 2026 security breach, CEO Richard Teng said on November 3. The exchange has also completed its latest Proof of Reserves verification as it works to restore user confidence after the theft. Key takeaways Binance’s replenishment figure rose from 90% to 98%. Proof of Reserves lets users independently check asset backing. Binance is purchasing the remaining, less-liquid assets. The exchange has rebuilt affected systems and is seeking an independent review.
Source: The Cryptonomist
