Binance: It is expected to complete the reserve proof snapshot before 15:33 today and plans to start phased withdrawal resumption before 13:33 tomorrow

Binance released the second progress announcement regarding the security incident, disclosing two key timelines. The announcement was made at 3:33 AM on October 31 (UTC+8).

Binance stated that it plans to conduct the first proof of reserves snapshot within 12 hours after the announcement and will publish the results before November 2; at the same time, the technical team's goal is to gradually restore withdrawal services within approximately 34 hours, depending on the progress of security checks.

Based on the announcement time, Binance plans to complete the first proof of reserves snapshot by 3:33 PM on October 31, with the goal of starting a phased restoration of withdrawal services by 1:33 PM on November 1.

Binance previously stated that it has prepared over $6.34 billion in company funds, of which approximately $5 billion worth of affected token assets are in place, covering about 80% of the stolen assets, with the remaining portion being purchased through on-chain and off-chain channels. Additionally, approximately $3 billion of affected assets have been frozen on-chain.