recoveryupdate

"Recovery Program Update #9" and its official announcement that withdrawals for more affected digital assets would gradually reopen.

1️⃣ Speed of fully resuming withdrawals: Users are now divided; one side praises the transparency and exceptional speed of Binance's security teams, who successfully rebuilt the wallet system and controls in an entirely new environment and restored smooth withdrawal operations. The other side, meanwhile, is concerned about the time needed to provide full liquidity for some less-liquid altcoins (which account for 10% of the affected assets).

2️⃣ The battle to freeze funds and pursue hackers: Everyone is closely watching the results of cooperation between Binance, major companies, and law enforcement agencies, which has succeeded in freezing nearly $3 billion across blockchains. The debate centers on the complex laundering methods used by the hackers (linked to North Korea's Lazarus Group) across thousands of addresses, sub-wallets, and decentralized finance platforms, and on the platform's ability to recover the remaining amount.

3️⃣ The struggle for trust and SAFU: Binance's firm commitment to covering 100% of the financial impact through the Secure Asset Fund for Users (SAFU) and its own company funds has greatly helped protect investor confidence and prevent prices from deteriorating.

#RecoveryUpdate #اختراق_بينانس_٢٩اكتوبر٢٠٢٦ #سحب_السيولة #تحديثات_Binance

🔄 Binance Recovery Update: Where Things Stand
🔹 Replenished: Binance says it has replenished about 98% of the affected assets, up from 95% in the previous update. It is buying the rest through market and OTC channels.
🔹 Fully backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.
🔹 Withdrawals: The first phase began on November 1. The 9th recovery update, on November 6, reopened more assets across nine networks.
🔹 Still waiting: HYPE withdrawals remain suspended, with no date announced.
🔹 Deposits: Deposits remain open and were not affected. (Crypto Giant Binance Says It Has Replenished 98% Of Stolen Assets After $6.34bn Hack | Sahara Reporters +6)
📋 Binance has promised a full post-incident report once its investigation is done. (saharareporters)
⚠️ Crypto involves risk. Not financial advice. DYOR.
#Binance #CryptoNews #bitcoin #RecoveryUpdate #USDC/USDT

🔓 Recovery Update #3: Withdrawals Are Back, as Committed

@Binance committed to reopening withdrawals on November 1, and it delivered on schedule. Here is the full picture of where the recovery stands today.

✅ Phase 1: 15 Networks Restored
⏱️ Phase 1 began at 06:00 UTC, and by 12:36 UTC all 15 initial networks were live.
🌐 BTC, ETH, BSC, TRX, SOL, XRP, ZEC, DOGE, TON, Polygon, AVAXC, Arbitrum, Base, OP and SUI.
🔐 Each next phase is gated by completed security checks.

📊 The Numbers Tell the Real Story
💸 $4.649B withdrawn and $1.01B deposited between 06:00 and 15:30 UTC.
📉 Net outflow of ~$3.64B, only 2.1% of $171B in total assets (PoR, Oct 28).
📈 Withdrawals peaked at $733M in the 08:00 window, then declined and stabilised.
🌊 Deposits continued in every 30-minute window, peaking at $187M.

💰 Binance Absorbs the Loss, Not the Users
🏦 More than $6.34B in company funds set aside to cover the hacked losses.
✅ Coverage raised from ~80% to 90% of the impacted amount.
🪙 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed 100%.
🛡️ SAFU transfer of 7,499 BTC completed, alongside the Futures insurance fund and corporate treasury.
🔄 The remaining 10% (less liquid tokens) is being sourced via market and OTC channels.

🔎 Transparency You Can Verify Yourself
📸 New Proof of Reserves snapshot taken at 00:00 UTC on October 31.
🧮 The zero-knowledge proof takes 40 to 50 hours to generate; the report is expected shortly.
🔗 SAFU BTC wallet 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD is public on any blockchain explorer.
🧪 Remaining networks are under rigorous testing before the next phase.

⚠️ Stay Safe
🚫 There is currently no cash voucher or $150 compensation campaign. Beware of phishing links.
⚖️ The community rewards campaign will go live only after regulatory approval.
📢 Follow only official updates from @Binance, @Binance_Arabic, @CZ, @Yi He and @Richard Teng.

💛 Trust is not requested here. It is proven on-chain. Keep Building ✌️

#Binance #SAFU #StaySAFU #RecoveryUpdate