# Binance starts recovery, sets aside $6.34B > Binance says it has started recovering affected user assets and has reserved more than $6.34 billion in company money, about $5 billion of it already held in matching tokens. - **Source:** https://ptycoin.com/en/posts/2026-10-30-binance-recovery-reserve-oct30/ - **Published:** 2026-10-30 - **Category:** News - **Author:** Mateo - **Tags:** exchanges, security, binance - **Also published in:** [Español](https://ptycoin.com/es/posts/2026-10-30-binance-recovery-reserve-oct30/) --- Binance says it has started recovering affected assets for users. It has also reserved more than $6.34 billion of company money for the hot-wallet incident, and about $5 billion of that is already in its custody, in matching tokens. [Thursday's report](/en/posts/2026-10-29-binance-hot-wallet-security-incident/) and [Friday's update](/en/posts/2026-10-30-binance-hot-wallet-oct30-update/) carry the earlier account. According to the [BBC live blog](https://www.bbc.com/news/live/cqrmynd3042gt), Binance wrote on X that it has "begun recovering affected assets for users". The post says work with law enforcement and other partners is still going, so more of the coins can be traced, frozen and brought back. The BBC put the company pledge at over $6.3 billion and said $5 billion of it was already made up of the tokens the incident hit. Assets that are frozen or protected stay outside that pledge, the BBC reported, because recovery work and checks on them are unfinished. Binance had earlier described the frozen portion as about $3 billion. Cointelegraph puts the reserve at more than $6.34 billion of company money, according to its [live coverage](https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor). That number carries one more decimal than the BBC's figure of over $6.3 billion for the company pledge. A spokesperson told Cointelegraph that the $5 billion portion sits in the exchange's own custody and is made up of the tokens required to fill the loss. Binance did not say when those coins were obtained, and it would not name the wallets, for security. Purchases on open markets and in private OTC trades are meant to fill whatever sits past that $5 billion. A buy can run long, Binance said, when trading is thin or a private settlement is slow, and the exchange will share how the buying is going when it can. The $6.34 billion leaves out frozen and protected assets, Cointelegraph reported. The spokesperson said those company coins should show up in the next proof of reserves. Binance also told the outlet that company money is already the subject of a weekly filing with Abu Dhabi's Financial Services Regulatory Authority, which regulates Abu Dhabi Global Market, under a duty that was in place before this incident. The exchange still has not named the tokens it has yet to buy, a finish date for the purchases, or a figure for how much stolen crypto is back. Cointelegraph reported that Yi He, a co-chief executive, said Binance is buying altcoins in amounts that line up with what was stolen, through OTC trades and on exchanges, while it prepares an updated proof of reserves. The SAFU fund and the company's own holdings already include a sizable amount of bitcoin and of ether, she said. Cointelegraph's account gives no dollar figure for those holdings. A further update will come once the buying is done. Binance has said investigators found further entry points in the breach, in addition to the DevOps laptop named in the first account, according to the BBC. The exchange said that part of the inquiry is still pulling facts together with law enforcement. The reports do not describe what those points were. Deposits are open and working as usual, Binance has said, according to the BBC and Cointelegraph. Withdrawals are still paused. The exchange says it still aims to reopen them in about 45 hours. An earlier Cointelegraph note had put that return inside about 48 hours. The BBC's timeline notes that trading on Binance Alpha was paused on Thursday night. A wallet that CoinDesk calls Binance 14 appears in the exchange's proof of reserves for 1 October among the assets backing customer balances, according to [CoinDesk](https://www.coindesk.com/business/2026/10/30/binance-hack-drained-wallets-backing-customer-assets-reserve-data-shows). In that outlet's reading of Binance's own file, ether cover on the date was 100%. A removal of roughly 204,500 ETH, which CoinDesk puts at about 5.6% of the ether in the file, would leave the ether backing near 94% until the coins are put back. CoinDesk's same reading puts USDC and several altcoins likely below full cover. The next snapshot is due on 1 November. This article is not investment advice. --- ## Keep reading - [Is SMS 2FA enough to protect your crypto exchange account? The text code follows your phone number, and a SIM swap or port-out can move that number before the authenticator app, the withdrawal allowlist, and the anti-phishing code are on](https://ptycoin.com/en/posts/2026-10-27-exchange-account-2fa-withdrawal-allowlist/index.md): SMS codes follow the phone number, so a SIM swap can take them. Switch to an authenticator or a passkey, turn on a withdrawal allowlist, and set an anti-phishing code. - [What is a destination tag or memo? On XRP, Stellar, Cosmos and similar networks the receive address alone is not enough, and a missing or wrong tag is how exchange deposits look confirmed on-chain while the desk never credits you](https://ptycoin.com/en/posts/2026-09-22-destination-tag-memo-exchange-deposit/index.md): Your exchange deposit needs both address and destination tag or memo. Miss either and the chain can confirm while your balance never updates. Copy both, check twice, then send. - [Self-Custody 101: Moving Your Crypto Off an Exchange Safely](https://ptycoin.com/en/posts/2026-06-05-self-custody-101-moving-crypto-off-exchange/index.md): Take control of your cryptocurrency. This step-by-step guide shows beginners how to safely move crypto from an exchange into a hardware wallet you control, with concrete checks that prevent the most common — and costly — mistakes. --- Source: PTYcoin — https://ptycoin.com/en/posts/2026-10-30-binance-recovery-reserve-oct30/. Free to read and cite with attribution to ptycoin.com. AI-usage terms: https://ptycoin.com/en/ai-usage/