Binance: Approximately 95% of the losses from this theft incident have been covered, with the remaining 5% still in the process of being procured.

BlockBeats news, November 1: Binance has released the latest progress on the security incident, stating that it has covered approximately 95% of the affected amount from this theft, further improving from the previously announced 90%. The remaining approximately 5% consists of tokens outside the top ten assets, and due to low market liquidity, Binance is still procuring through market and over-the-counter (OTC) channels, which will require more time to reach the required scale.

Binance also stated that user balances for BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have all achieved 100% reserve coverage, and users can verify through the Proof of Reserves (PoR) page.

Binance reiterated that it will bear all economic losses caused by the stolen funds and will not pass the losses on to users. After the investigation is completed, the platform will also publish a post-incident review report disclosing more details.