# Binance Says $3 Billion Is Frozen as It Rebuilds User Balances

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/44606
Published: 2026-10-30T11:32:38.000Z
Updated: 2026-10-30T11:32:38.000Z
Section: Technology

> The exchange says $5 billion is already held in matching token types and is buying the rest through market and over-the-counter channels.

Binance says about $3 billion in assets has been frozen as it begins restoring affected users with a company-funded pool of more than $6.34 billion to cover incident losses.

The exchange said $5 billion is already held in tokens matching those lost by users. It is buying the remainder through market and over-the-counter channels. Low liquidity for some tokens and OTC settlement times may slow those purchases. The exchange is using the same types of tokens to refill affected balances.

Binance said the $6.34 billion allocation does not count assets that have already been frozen or otherwise protected. The company is continuing to work with law enforcement agencies, token issuers, blockchain intelligence firms and industry partners to trace, freeze and recover more funds.

The company said it will continue committing corporate resources to cover any confirmed shortfall. It also said all user funds will eventually be publicly verifiable through Proof of Reserves.