Binance refills 80% of stolen funds, resumes withdrawals in 34 hours

Binance has deployed over $5 billion in USDC, USDT, BTC, ETH and BNB from its corporate funds to refill roughly 80% of stolen assets following a security breach. The exchange froze about $3 billion on-chain and found no evidence of private key leakage. Withdrawals are expected to resume in phases within approximately 34 hours, with a first proof-of-reserves snapshot within 12 hours and results published by Monday. CZ compared the incident's impact to Mt. Gox, stressing Binance can absorb the entire loss, while co-founder He Yi said net affected funds total about $3 billion, representing slightly more than 2% of user assets.