shanu14

their stated plan, for what it’s worth, is that they have $6.34B of company funds set aside, most of it already in the same coins that were taken, plus the SAFU emergency fund at about $1B. around $3B of the stolen money is frozen at Tether, Circle and others, and CZ’s own post on X put the rest of the gap at about $2B.

withdrawals have been paused since Thursday night. binance says it will reopen them in stages from Sunday and publish proof of reserves by Monday, which is the thing that would actually answer your question.

according to Binance's own account so far, the first statement said it “may involve a compromised DevOps engineer’s laptop” that gave the attacker access to a service container to submit withdrawals. then on Friday, Richard Teng said the attacker “did not simply use one engineer’s permissions”, that they’d found additional points of breach, and malware built to destroy itself and its traces.

they also say there’s no evidence any private key leaked yet their own signing system signed the transfers.