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Security & Hacks · 1 min read

Binance Replenishes 90% of Stolen Assets, Targets Nov. 1 Operations Restart

The exchange published an updated reserves page showing full backing for major tokens ahead of full cryptographic proof on Nov. 3.

Editorial oversight: Julian Mercer, Chief Editor
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$BTC $77,472 +0.2% $ETH $2,249 +1.3% $USDT $0.9989 +0.0%

At a glance Announced

What happened
Binance announced that 90% of stolen assets have been replenished and major tokens are fully backed on its reserves page, targeting a Nov. 1 restart.
Why it matters
The replenishment clears the primary condition needed to restore exchange operations and verify full collateralization of user funds.
Who is affected
Binance users awaiting account withdrawals and DeFi platforms that restricted lending markets following the exploit.
Takes effect
2026-11-01
What's next
The planned operational restart on Nov. 1, followed by the release of full cryptographic reserve proofs on Nov. 3.
Primary source
thedefiant.io: Binance Says 90% of Stolen Assets Replenished, Targets Nov. 1 Restart

Key points

  • Binance reported that 90% of stolen assets have been replenished, with major tokens fully backed on its reserves page 1.
  • The exchange is targeting a service restart on Nov. 1, with complete cryptographic proof of reserves scheduled for Nov. 3 1.
  • Teng stated the attacker used EIP-7702 to bypass wallet controls, while Zhao noted a $2 billion gap resulting from the incident 1.

Binance has restored 90% of the assets taken during a recent security incident and plans to resume normal operations on Nov. 1, according to exchange disclosures reported on Oct. 31 1. The exchange's updated reserves page indicates that major tokens are once again fully backed, moving the company closer to resolving the disruption caused by the hack 1.

Full cryptographic proof validating the exchange's asset balances is expected to be published by Nov. 3 1. The platform previously kept withdrawals paused while working to verify account balances and settle accounting discrepancies stemming from the exploit 1. The update comes amid a challenging broader market backdrop, with Bitcoin trading at $77,407 and market sentiment sitting in fear territory at 30, according to live data at the time of writing.

Recovery Milestones and Next Steps

Binance leadership has outlined a sequence of deadlines to restore user services and confirm solvency 1. Binance Chief Executive Officer Richard Teng established a target to release a reserve report following the pause in customer withdrawals 1. Former Chief Executive Officer Changpeng Zhao indicated that the exploit resulted in a $2 billion shortfall, suggesting SpaceX equity holdings could serve as a potential financial backstop 1.

Technical assessments cited by Teng indicate that the intruder exploited Ethereum standard EIP-7702 to circumvent internal wallet authorization controls 1. In response, Ethereum developers have evaluated draft proposals that would enable wallets to permanently deactivate EIP-7702 delegation capabilities to prevent similar vulnerabilities 1. Decentralized finance protocols also responded to the fallout, with Aave reopening affected markets while maintaining zero loan-to-value limits on nine assets to mitigate ongoing risk 1.

Binance's operational timeline now depends on completing its technical reconciliations ahead of the Nov. 1 restart target 1. The upcoming cryptographic verification on Nov. 3 will offer the decisive test of whether the platform's published balances match on-chain reserves 1.

Sources

  1. [1] Binance Says 90% of Stolen Assets Replenished, Targets Nov. 1 Restart — thedefiant.io, October 31, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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