Binance says 95% of hack losses covered – Can users withdraw normally?

Binance said roughly 95% of losses from a recent hack have been covered after drawing on its liquidation safety net to replace stolen assets, with the exchange confirming users can withdraw normally. The incident prompted questions over how the reserve should be rebuilt, with Binance signaling it will replenish the fund over time. The event underscores the role of exchange insurance funds and internal safety nets in absorbing exploit losses and maintaining liquidity during stress. Users and counterparties will watch withdrawal processing, proof-of-reserves updates, and the pace and structure of the fund's rebuild.