Binance said the replacement assets are being funded through its corporate treasury and a portion of its futures insurance fund, with a partial deployment of the Secure Asset Fund for Users, or SAFU, expected over the next 24 hours.
The fund normally covers losses from bankrupt trading positions and helps limit forced reductions in other traders’ positions, known as auto-deleveraging. Binance said it moved only the portion of the fund above its required size and that the remaining fund still meets its risk-management requirements.
The exchange also committed to restoring SAFU, its emergency user-protection reserve, to about $1 billion.
The security investigation remains open. Co-CEO Richard Teng said Friday that investigators had found additional breach points beyond an initially suspected compromised employee laptop, and U.S. President Donald Trump addressed the breach, saying “we don’t know” if North Korea was behind it, adding that the government is “looking at that.”
Blockchain analytics firms TRM Labs and Chainalysis have attributed the attack to TraderTraitor, a North Korea-linked hacking group.
Binance also published a new proof-of-reserves snapshot showing coverage ratios at 100% or more for the named tokens, taken at midnight UTC on Oct. 31.
The full cryptographic proof, which would let users independently verify that their balances are included in Binance’s reported liabilities, is expected by Nov. 3.
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