Binance Co-Founder CZ: All Compensation Funds Have Been Allocated

Binance co-founder Changpeng Zhao (CZ) said on November 3 that the exchange has allocated all compensation funds related to the recent theft, with roughly 5% still awaiting conversion into certain lower-liquidity altcoins, a process he said will take time. The update came as CZ quoted a post tracking Binance's progress in covering user losses from the breach, in which the exchange said it has replenished about 95% of affected assets. The remaining tokens are low-liquidity assets still being sourced, meaning full restitution depends on market conditions for those smaller coins. The announcement matters because it signals the compensation program is in its final phase, reducing uncertainty for affected users and for Binance's credibility following the security incident. What to watch next: updates on the conversion of the residual ~5% of funds into the remaining small-cap tokens and confirmation that all affected users have been fully made whole.