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Binance CEO Richard Teng said on X that the exchange is working to resume withdrawals and is targeting a restart by Sunday, while withdrawals will remain suspended until strict testing is completed.
Teng also said Binance has secured more than $6.34 billion in company funds to cover stolen assets. Of that amount, $5 billion is already being held in the affected tokens, while the exchange is replenishing the stolen token assets through market purchases and OTC channels. Binance plans to complete the remaining purchases and verify the holdings through proof of reserves, with a proof-of-reserves report set to be shared by Monday next week.