Binance: Approximately 80% of stolen funds have been recovered, with withdrawals to be restored in phases within about 34 hours.

PANews October 31 news: According to Binance's official announcement, Binance has issued security incident progress announcement #2, stating that it has prepared more than US$6.34 billion in corporate funds, of which more than US$5 billion equivalent in corresponding token assets such as USDC, USDT, BTC, ETH, and BNB has been secured, about 80% of the stolen funds have been replenished, and the remaining portion is being purchased through market and over-the-counter trading channels. Currently, about US$3 billion in assets have been frozen on-chain, and at this stage no evidence of wallet private key leakage has been found. Binance plans to restore withdrawals in stages by token within about 34 hours, will conduct the first proof-of-reserves snapshot within 12 hours, and will publish the results before November 2 (Monday), and is expected to publish further technical investigation results within about 48 hours.