What people are saying on X · Bitcoin ·
Binance has covered 90% of the $6.3 billion hacked funds
11,751 posts · 7,135 accounts · -21% vs the day before
- Binance announced that coverage of the hacked funds has risen from 80% to 90%, now fully covering assets like BTC, ETH, USDT and others after the latest security update[57]
- CZ thanked U.S. law‑enforcement agencies (FBI, USSS, IRS) for tracking and freezing funds, saying their help limited Bitcoin’s price drop after the hack[28][30]
- Binance plans to resume phase‑one withdrawals on 2026‑11‑01 between 06:00‑09:00 UTC for 15 currencies across 15 networks, indicating operational recovery[29]
- Binance will allocate 50% of its SAFU fund address to cover the loss, keeping the remaining half in the fund, as detailed in the SAFU announcement[37]
- Analysts note the hack’s impact on Bitcoin price was muted, with CZ attributing the limited drop to enforcement actions, but market sentiment remains cautious[28]
Posts cited
[28] CZ 🔶 BNB · @cz_binance ·
US Law Enforcement agencies (FBI, USSS, IRS and more) provided vital help in this incident, including tracking, freezing, etc. A tweet can’t fully express our gratitude. Many crypto bros may not realize, a lot of the "why bitcoin didn't drop more?" credit goes to them. 🙏
Open on X[29] Yi He · @heyibinance ·
Binance is preparing to resume phase one of withdrawals on 2026-11-01 between 06:00 and 09:00 (UTC). The first batch open for withdrawal covers 15 currencies across the 15 networks shown in the chart. Wallets for other currencies are still undergoing repeated security audits and perimeter checks which will be prioritized based on the platform's market cap, locked funds, and user base. The remaining tokens are being processed as quickly as possible. Thank you for your support and understanding💁🏻♀️
Open on X[30] CZ 🔶 BNB · @cz_binance ·
Screenshots and videos are easy to fake. The chat in image 3 is fake. I can’t verify the other claims. People who can predict the future would trade bitcoin or use prediction markets to make money, they won't be small accounts posting on X. 🙏
Open on X[37] Yi He · @heyibinance ·
We are allocating 50% of the funds from Binance’s SAFU fund address to cover this loss, while keeping the remaining half in the fund. Details regarding the address are provided in the announcement; those interested are welcome to review it.
Open on X[57] SolanaNews.sol · @solananew ·
🚨BREAKING: @BINANCE HAS NOW COVERED 90% OF THE $6.3 BILLION IN HACKED FUNDS!🚨 Key updates: Coverage is up from 80% to 90% in Binance’s latest security update. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now 100% covered. The remaining 10% is lower-liquidity altcoins, which Binance is buying through the market and OTC. Over $6.34B in company funds has been set aside to cover the losses. A new Proof of Reserves snapshot is out, and the full ZK proof is due around Nov 3. Withdrawals are still on track to reopen Sunday.
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Written by an AI model from public posts; it can be wrong. Check the sources.