Binance: 98% of Affected Token Assets Replenished as of October 31; Independent Security Firm Engaged for Further Review

On November 3, Binance released preliminary findings from its investigation into the October 29 security incident. The incident involved approximately $6.34 billion in digital assets. As of the announcement, about $2.85 billion in assets had been frozen or intercepted. Binance said that as of October 31, 98% of affected token assets had been replenished, and the remaining low-liquidity assets were being sourced. Binance stated that it will bear all fund losses rather than having users bear them, and that it has rebuilt the affected systems and strengthened security controls. It has also engaged an independent third-party cybersecurity firm to further review the incident, verify the investigation's findings, and propose improvements. (Jiemian)