Binance Says Stolen Assets Are Covered as Withdrawals Reopen Across 87 Networks

Binance says it has finished replacing the customer assets affected by its security incident, but full withdrawal access is still returning network by network.

That distinction matters. Customers can be fully covered on the exchange’s books while some of them still cannot move a particular asset over a particular blockchain.

In its latest update, Binance said it completed coverage of affected assets after committing more than $6.34 billion in company funds. The exchange said the money came from its corporate treasury, part of the Secure Asset Fund for Users and a portion of its futures insurance resources above its stated risk-management threshold.

The same announcement introduced a new Proof of Reserves snapshot covering 198 tokens. Binance said the zero-knowledge proof would let customers verify that included assets were backed at least 1:1.

Withdrawal access remained a separate operational process, with networks reopening in phases. Binance also said a small number of affected tokens it no longer supports would be handled through its delisting process and that those holders would still be covered.

The exchange committed to rebuilding SAFU to approximately $1 billion. It presented that replenishment as a continuing commitment, not a completed step.

Binance announced the coverage milestone alongside a fresh Proof of Reserves snapshot:

Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1 -…

— Binance (@binance) November 12, 2026

Coverage is complete, access is not.

CryptoSlate reported that withdrawals had reopened across 87 networks during the week. Binance aimed to restore the remaining networks and assets by the end of the following week, while warning that heavy traffic could still produce delays.

The phased reopening means the user experience can vary by asset and network. A token balance may be covered at least 1:1 while the withdrawal route a customer wants remains temporarily unavailable.

The reserve snapshot covers 198 tokens. Binance initially said the zero-knowledge proof would take roughly 40 to 50 hours to generate because of the computational work involved. On Saturday, the exchange said that proof was available for users to verify:

The zero-knowledge proof is now generated, users can independently verify that their assets on Binance are backed at a minimum of 1:1. https://t.co/7ZU2WNvB9T

— Binance (@binance) November 14, 2026

Proof of Reserves is useful evidence, but it answers a narrower question than a full audit of an exchange. It can help customers verify included asset backing and their own balances.

It does not, by itself, settle every question about liabilities, corporate obligations or operational access.

SAFU still has to be rebuilt.

Binance also committed to returning SAFU to approximately $1 billion. That is a separate step from replacing the assets lost in the incident.

Customer coverage addresses the immediate shortfall; rebuilding the emergency reserve is about restoring protection for a future crisis.

A small number of affected tokens that Binance no longer supports will be handled through its delisting process, according to the exchange. Binance says those holders will still be covered, though its announcement did not provide a detailed timetable for each unsupported asset.

The strongest part of this update is straightforward: Binance says the asset-replacement work is complete, and users now have a new reserve proof to inspect. The remaining test is operational.

Customers will be watching whether every network comes back on schedule and whether SAFU is actually replenished to the promised level.

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