Binance founder CZ says Binance has disbursed 100% of the funds to cover the stolen losses, using its own balance sheet entirely
Binance founder CZ said early this morning regarding the platform’s recovery progress that Binance has disbursed 100% of the funds, and only about 5% remains to be converted into some smaller cryptocurrencies, so more time is still needed.
CZ added that one thing was not mentioned, and people may not even think of it: Binance did not borrow money, did not sell assets, and also did not raise financing. Binance is covering the stolen losses entirely using its own balance sheet, unlike other incidents people have always wanted to compare it with.
Original source:
Title: CZ X post (about fund disbursement and balance sheet coverage) Publisher: CZ 🔶 BNB (@cz_binance) Date of publication: 2026-11-02 URL: https://x.com/cz_binance/status/2117302637574144147 (and related post https://x.com/cz_binance/status/2117300264738889901） Source nature: original post by the party involved Verification status: content of CZ’s original post was read in this instance (verified on 2026-11-02) Supporting content: supports all statements in the main text, including that 100% of the funds have been disbursed, about 5% remains to be converted into smaller coins, no borrowing / no asset sale / no financing, coverage entirely using its own balance sheet, and that it is different from other incidents
ABAB AI Insight
CZ’s statement distinguishes between “the funds have been disbursed” and “the asset conversion has been completed.” He said that 100% of the funds are already in place, and the remaining about 5% is taking time because it needs to be converted into less liquid smaller coins, rather than because of a funding shortfall. This is consistent with earlier reports that withdrawals for the top ten assets had already been restored, with the remaining assets being low-liquidity tokens.
Regarding the funding source, CZ emphasized that it came entirely from Binance’s own balance sheet, with no external borrowing, asset sales, or financing. This contrasts with some historical incidents in which exchanges relied on external rescue, sold core holdings, or sought capital injections. The company had previously explained that compensation funds came from internal sources such as SAFU, a portion of the futures insurance fund, and corporate reserves.
This statement focuses on the independence and completeness of the funding coverage, rather than the technical details or responsibility for the security incident itself. The conversion progress for the remaining smaller coins still depends on market liquidity and procurement arrangements, and the company did not give a specific completion time.
ABAB News · Cognitive Law
CZ said that 100% of the funds have been disbursed, and the remaining about 5% is only due to the time needed to convert smaller coins, not due to insufficient funds.
The coverage comes entirely from Binance’s own balance sheet, with no borrowing, no asset sales, and no financing.
CZ explicitly distinguished this practice from other events that are often compared with it.