---
title: "Binance Replenishes 90% of Stolen Assets, Targets Nov. 1 Operations Restart"
description: "The exchange published an updated reserves page showing full backing for major tokens ahead of full cryptographic proof on Nov. 3."
url: https://basisdesk.news/news/binance-replenishes-stolen-assets-targets-restart
published: 2026-10-31T14:55:46.508Z
modified: 2026-10-31T14:55:46.508Z
section: Security & Hacks
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [BTC, ETH, USDT]
tags: [binance, reserves, hacks, eip-7702, richard-teng, changpeng-zhao]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## At a glance

- **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.
- **Status:** announced
- **Primary source:** [Binance Says 90% of Stolen Assets Replenished, Targets Nov. 1 Restart](https://thedefiant.io/news/hacks/binance-says-90-of-stolen-assets-replenished-targets-nov-1-restart) — thedefiant.io

## 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].

## Editorial remark

- **Context:** A security exploit bypassed Binance wallet controls using EIP-7702 delegation mechanics, prompting an exchange-wide withdrawal pause and balance reconciliation.
- **Impact:** Binance customers regain asset backing on major tokens, while connected DeFi venues such as Aave adjust risk settings across several collateral markets.
- **Watch:** The targeted Nov. 1 resumption of operations and the delivery of full cryptographic reserve attestations on Nov. 3.

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. [Binance Says 90% of Stolen Assets Replenished, Targets Nov. 1 Restart](https://thedefiant.io/news/hacks/binance-says-90-of-stolen-assets-replenished-targets-nov-1-restart) — thedefiant.io, 2026-10-31

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai