Binance: Withdrawals are expected to resume in phases before 13:33 tomorrow, and a proof-of-reserves snapshot is scheduled to be taken before 15:33 today.
1 hours ago
Binance released its second security incident update announcement early this morning, disclosing two key subsequent timelines. Issued at 3:33 AM (UTC+8) today, the announcement states that the exchange plans to conduct its first Proof of Reserves (PoR) snapshot within 12 hours of release, with results to be published by November 2. Meanwhile, its technical team aims to gradually restore withdrawal services in approximately 34 hours, subject to security check progress. Calculated from the announcement’s release time, Binance targets completing the first PoR snapshot by 15:33 today, and launching phased withdrawal restoration by 13:33 tomorrow. As of now, roughly 6 hours and 20 minutes remain until the scheduled PoR snapshot, and about 28 hours and 20 minutes until the targeted withdrawal restoration. Binance previously noted it has prepared over $6.34 billion in corporate funds: around $5 billion worth of affected token assets are already in place, covering ~80% of the stolen funds, while the remainder is being acquired via on-exchange and over-the-counter (OTC) channels. Separately, approximately $3 billion in affected assets have been frozen on-chain.
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