Binance says stolen crypto has been replaced but some customers have to wait
The 198-token reserve snapshot expands Binance's disclosed scope, while proof availability, phased withdrawals and SAFU restoration remain separate tests. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Binance says it has replaced the customer assets lost in its security incident and reopened withdrawals on 87 networks this week. The exchange aims to restore the remaining networks and assets by the end of next week, leaving some customers waiting despite its completed-coverage announcement.
The announcement, signed Nov. 13, accompanies a reserve snapshot covering 198 tokens. For customers, the next question is whether covered balances can be verified and moved off the exchange.
In its Nov. 4 update, Binance put replenishment at approximately 98%, with purchases of less-liquid tokens still continuing. The latest notice says that replacement process is complete.
CryptoSlate's earlier coverage of the sourcing delays described the difficulty of acquiring thinly traded tokens alongside progressive withdrawal reopening. The new announcement changes that reported coverage position while retaining the phased withdrawal rollout.
Related ReadingBinance says the new snapshot was taken at 00:00 UTC on Nov. 12 and spans 198 tokens, compared with 44 in the Nov. 4 snapshot. The earlier snapshot was taken at 08:00 UTC+8, equivalent to 00:00 UTC.
The expanded snapshot covers more tokens, but does not establish whether each asset and network is available for withdrawal.
The latest notice says the snapshot is available on its proof-of-reserves website. It separately estimates approximately 40 to 50 hours to generate the full zero-knowledge proof, after which affected holders would be able to verify minimum one-for-one backing.
A published snapshot and an available verification result therefore describe different stages. The announcement does not confirm that proof generation is complete. The notice gives no starting point for the estimate, leaving current proof availability unestablished here.
The earlier 44-token round carried a different estimate of 50 to 60 hours. Both notices separate taking a snapshot from producing its full proof. For affected holders, verification would address backing at the specified snapshot, while access to funds remains an operational question.