Binance Says It Covered 95% of $6.3 Billion Security Impact

Binance said it had covered about 95% of the financial impact from its Oct. 29 security incident, while withdrawals resumed in phases and balances in 10 named assets remained fully backed. The exchange estimated the incident’s total impact at about $6.3 billion in an Oct. 30 update. Withdrawals began returning at 1 a.m. EST Nov. 1 (06:00 UTC). By 7:36 a.m. EST (12:36 UTC), they were available across 15 networks and assets in the first phase. From 1 a.m. to 9:30 a.m.