何一 Says $3 Billion in Frozen Assets Still Needs Formal Recovery

About $3 billion in assets frozen after Binance’s security incident still requires formal recovery procedures, 何一 said in response to a community question, clarifying that a separate $6.3 billion figure covers all assets stolen in the incident.

Her statement does not say the frozen assets have already been returned or that replenishment is complete. The two amounts describe different measures: the frozen assets and the figure she said covered the stolen assets.

The roughly $3 billion amount matches Binance’s earlier disclosure that about $3 billion in affected assets had been frozen on-chain.

Separately, Binance said on Oct. 31 that it had replenished about 90% of affected assets, up from 80% previously disclosed for the incident. It said 10 assets had full reserve backing, while other tokens made up the remaining roughly 10%; lower liquidity among those tokens could make purchases take longer.

Formal procedures are still required before the frozen assets can be recovered, 何一 said. Binance’s 90% replenishment update tracks a separate measure and does not establish that the frozen funds have been returned.