EP 44
Binance Replenishes Ninety Percent of Exploited Assets
In this episode
Binance announced that 90% of stolen assets from its recent security incident have been replenished, deploying $6.34B of corporate funds alongside half of the SAFU fund to back key user assets at 100%. Meanwhile, Bitcoin marked the 18th anniversary of its white paper as BSC DeFi TVL held steady at $5.24B. On-chain launchpads rolled out critical updates, led by gang.fun's Launchpad 2.0 release and Flap recovering from a DNS hijacking incident.
- Binance allocated $6.34B of corporate funds to the User Fund, fully backing BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC at 100% reserves.
- Binance replenished 90% of stolen assets following the exploit and completed a Proof of Reserves snapshot, with full zero-knowledge proof generation expected by November 3, 2026.
- Yi He confirmed 50% of the SAFU fund was transferred to cover losses, including a visible transaction of 7,499 BTC.
- BSC TVL increased by 0.53% over the last 24 hours to reach $5.24B.
- Bitcoin traded at $77,565.87 (+0.82%) on the 18th anniversary of the Bitcoin white paper.
- gang.fun launched Launchpad 2.0, routing 70% of bonding curve fees to creators and allowing graduation targets of 6, 9, 12, or 15 BNB.
- Flap restored its official website domains following an unauthorized DNS hijacking incident.
- Chainalysis confirmed a security incident involving unauthorized access to customer names and email addresses.
- The Crypto Fear & Greed Index held unchanged at 30, remaining in Fear territory.