Binance Security Incident
What’s new
Binance says about 90 percent of stolen assets are now covered (up from ~80 percent), with ten majors listed fully backed on a Proof of Reserves snapshot timed to 00:00 UTC October 31. Full zero-knowledge PoR is expected around November 3; withdrawal reopen still targets November 1.
Timeline
- Oct 31, 2026 · 8:53 a.m. PDTBinance Says About 90% of Stolen Assets Covered as Oct. 31 PoR Snapshot PostsFifth chapter — ~90% covered; 10 assets 100% backed; Oct 31 00:00 UTC PoR snapshot; zk PoR ~Nov 3; Nov 1 withdrawal target holds.
- Oct 30, 2026 · 2:58 p.m. PDTBinance Targets Nov. 1 Withdrawal Restart and Nov. 2 Proof-of-Reserves ReportFourth chapter — Nov 1 withdrawal / Nov 2 PoR calendar; ~$6.34B reserved.
- Oct 30, 2026 · 6:39 a.m. PDTBinance Flags Additional Breach Points as Withdrawals Stay on ~45-Hour Reopen TrackThird chapter — additional breach points; ~45-hour reopen track.
- Oct 30, 2026 · 5:50 a.m. PDTBinance posts official incident update putting estimated impact near $6.3 billionSecond chapter — official update; ~$6.3B impact; ~$3B frozen; SAFU + company cover; DevOps path.
- Oct 29, 2026 · 3:09 p.m. PDTBinance investigates potential security issue as trackers put related outflows near $5.7 billionOpening chapter — investigation; Arkham/CoinDesk ~$5.7B.
What’s next
- Live withdrawal restore on Binance status for the ten fully backed names (November 1 target).
- Zero-knowledge Proof of Reserves pack (~November 3) users can match to Merkle leaves.
- Freeze/recovery prints vs residual uncovered share (~10 percent); technical post-mortem.
- Stop when trail cold ~48h with no new primary (post-mortem, reopen, or material freeze/recovery move).