Binance stated, according to InfoMoney, that it has already replaced 90% of the assets involved in the $6.3 billion hack and expects to reopen withdrawals on Sunday. For anyone holding crypto on the exchange, the question is no longer "did I lose everything?" but rather "when can I get my money out, and what is still pending?"
What Happened at Binance?
The world's largest cryptocurrency exchange suffered a hack, and Binance itself reported that it is replacing the affected assets. According to InfoMoney, the replacement draws on three sources: the company's own resources, an emergency fund, and insurance. Withdrawals are scheduled to resume on Sunday.
The timeline for withdrawals indicates that asset redemptions had been halted or limited. The source material for this article does not detail since when, nor whether the freeze was total or partial. It also does not describe how the attack was carried out. Everything below is based solely on what has been disclosed so far.
- Binance says it has replaced most of the assets without relying on client funds: the amount comes from corporate cash reserves, an emergency fund, and insurance.
- There is a target date for the return of withdrawals: Sunday.
- The replacement is not complete. The remaining portion has lower liquidity and, according to the source, may take longer.
- The company did not disclose how much each source (cash reserves, fund, insurance) covered, nor a timeline for the remainder.
This list shows why the announcement is positive yet incomplete: the exchange has committed to replacing the bulk of the funds, but has not provided a date to settle the entire account. And it is in that remaining piece that the uncertainty lies.
How Much of the Total Is Still Outstanding?
The source does not report the dollar value of the pending portion, but it can be estimated using the two available figures. The calculation below assumes the percentage applies to the total hack amount. InfoMoney does not detail the baseline, so treat this as an order of magnitude.
| Item | Share of Total | Estimated Value (USD) |
|---|---|---|
| Total involved in the hack | 100% | $6.3 billion |
| Already replaced, according to Binance | 90% | $5.67 billion |
| Still to be replaced | 10% | $0.63 billion |
Based on this estimate, the pending amount would be around $630 million. That is a significant sum in absolute terms, but small compared to what has already been replaced. This helps explain the tone of the announcement: the exchange is signaling that the bulk of the problem is resolved, and what remains is market logistics rather than a lack of resources. However, this is Binance's version of events. The source does not provide independent verification.
Why Does the Remaining Portion Take Longer?
InfoMoney reports that the remaining assets have lower liquidity. In crypto, this means there are fewer active buyers and sellers for those specific tokens. Anyone needing to buy a large amount of an illiquid asset drives the price up in the process, making the replacement more expensive and time-consuming. This is why asset recovery usually moves quickly for major coins and slowly for smaller ones.
This alters the risk assessment. The pending issue is not uniform: investors holding balances in heavily traded coins tend to be less affected than those holding less liquid assets. The source does not specify which assets fall into each group, so clients will only find out by checking their individual balances once withdrawals return.
The announced replacement reduces the risk of permanent loss, but not the risk of losing access for some time. Until Sunday, there is no indication that your balance is available. Do not make hurried decisions just because prices moved: without withdrawal access, trading within the platform is your only option, and spreads during periods of stress tend to be worse. The episode also highlights custody risk: keeping assets on an exchange means trusting its solvency and security, even when it is the largest in the industry.
What If I Hold Crypto on Another Exchange?
The report does not mention contagion across other platforms, so there is no basis to suggest other exchanges were affected. But the case serves as a useful benchmark: it is worth checking whether your exchange separates client assets from corporate cash, whether it maintains insurance and an emergency fund, and how long it typically takes to reopen withdrawals after an incident. Those answers only surface when something goes wrong, and it is better to look for them beforehand.
What to Monitor Going Forward
Withdrawals on Sunday — this timeline comes from Binance itself. If the reopening is partial or delayed, the announcement loses credibility.
The less liquid portion — monitor whether Binance provides a timeline for the remaining 10%. Without a deadline, uncertainty persists around this piece.
Source breakdown — if insurance and the emergency fund covered a significant share, the exchange emerges either more or less vulnerable, depending on its remaining reserves.
The Bottom Line: What we have so far is an announcement from Binance itself, reported by InfoMoney: 90% replaced, withdrawals scheduled for Sunday, and a less liquid slice still pending. It is a positive signal, but confirmation will come in practice when withdrawals actually function and a clear deadline is set for the remainder.