Binance says thinly traded tokens are delaying full replacement of stolen assets
Binance attributes its last reported 5% replenishment gap to less-liquid assets, while its November 3 withdrawal plan reopens routes progressively. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Binance said in its Nov. 2 recovery update that less-liquid tokens were slowing the replacement of stolen assets. It put the outstanding replenishment at approximately 5% of the impacted amount, while a separate withdrawal phase was scheduled for Nov. 3.
The new phase was scheduled to begin at 04:00 UTC. In Binance's Nov. 3 update, the exchange said availability would expand progressively as security and readiness checks were completed for individual assets and networks.
Together, the disclosures explain why a commitment to cover stolen funds can coexist with unfinished recovery. Funding the purchases, obtaining the specific tokens and restoring the routes through which customers withdraw them are separate tasks.
Related ReadingBinance reported approximately 95% replenishment of the impacted amount in its Nov. 1 recovery update. It repeated that figure on Nov. 2, attributing the outstanding portion to tokens outside the ten assets it said were fully backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.