Image Credit: Binance.com
- Binance released a reserve snapshot covering forty-four tokens on November fourth.
- The latest reserve snapshot expanded token coverage from ten to forty-four.
- Purchasing the remaining two percent of hack-affected assets will take longer due to token illiquidity.
Binance scheduled withdrawals for 62 tokens to begin reopening on Nov. 5, following a reserve snapshot expansion to 44 tokens and reported 98% asset replenishment. The exchange pledged to absorb losses from the $6.34 billion hack rather than pass them to customers, although replacement purchases and withdrawal restorations remained unfinished.
Reserve Snapshot Adds 34 Tokens
The snapshot was taken at midnight UTC on Nov. 4, or 5:30 a.m. IST. Holders of the additional tokens would be able to verify their recorded balances and backing once the full cryptographic proof became available.
The initial recovery snapshot covered BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC. Those assets were fully backed at the Oct. 31 snapshot time, allowing holders to independently check their recorded balances.
Binance estimated 50–60 hours to generate the Nov. 4 snapshot’s full proof. Its announcement did not name the 34 additional tokens individually. Reserve coverage and withdrawal availability are separate: inclusion in the withdrawal rollout does not confirm inclusion in the snapshot.
Withdrawal Rollout Includes AAVE, UNI, and PAXG
Binance’s next withdrawal phase included AAVE, UNI, PAXG, MORPHO, EIGEN, LDO, and ENS on Ethereum, alongside FIL, INJ, and AVAX on BNB Smart Chain. These additions would give affected customers more options to move holdings off the exchange as each route reopens.
The Nov. 5 plan covered 62 distinct tokens across 69 token-network combinations on Ethereum, BNB Smart Chain, Base, TRON, Polygon and Sui. Reopening was scheduled to begin at 9:30 a.m. IST, with individual routes becoming available progressively after security checks.
Binance warned of possible delays during the rollout and directed customers to check their selected asset and network before withdrawing. Deposits remained open.
Less-Liquid Assets Remain to Be Replaced
Binance cleared that the remaining approximately 2% consisted of less-liquid tokens being acquired through market and over-the-counter channels. Co-CEO Richard Teng said purchases were being handled carefully to avoid moving prices, explaining why completing them could take longer.
Binance had allocated more than enough company funds to cover the losses. It did not provide a completion date for the outstanding purchases.
