Binance Hack Recovery: CZ Says 95% of $3.3B Losses Covered

The remaining 5% involves less liquid tokens that take longer to source and convert. CZ says Binance used its balance sheet without borrowing, selling assets, or raising funds. Binance has reportedly covered 95% of the losses linked to its $3.3 billion hack, with withdrawals among the top 10 assets restored. The remaining 5% involves less liquid tokens, making the final sourcing and conversion process slower. CZ said Binance has already allocated 100% of the required funds. In other words, the outstanding issue isn’t an alleged funding shortfall. It’s converting the remaining allocation into smaller, less liquid assets. That distinction matters.