Binance compensates approximately 98% of leaked assets; proof of reserves expands to 44 tokens

Binance said it has reimbursed roughly 98% of the approximately $6.3 billion in assets affected by a recent outflow incident, according to a statement dated the 4th. The exchange also expanded its proof-of-reserves coverage from 10 tokens to 44 tokens. The disclosure follows an initial report published on the 3rd that outlined the scope of frozen funds and the movement of the leaked assets. The near-total reimbursement matters because it signals the exchange is absorbing the hit to customer balances rather than passing losses on. What to watch next is whether the remaining roughly 2% is recovered and how the broader 44-token reserve attestation is received by users and auditors.