One-sentence summary
This guide walks users through assessing recovery after the October 30, 2026 Binance incident: the $6.34B company backstop, about $3B in frozen assets and official statements.
Steps
Step 1: Rely on official announcements Read only the exchange's official channels for the incident scope, affected assets and compensation terms.
Step 2: Check the backstop size Binance reserved over $6.34B of company funds (about $5B held in affected tokens); judge its ability to cover losses.
Step 3: Follow freezing and recovery Track progress on the about $3B of frozen assets and the fund-recovery and compensation timeline.
Step 4: Confirm whether your assets are affected Log in, check balances, and compare against the officially published list of affected accounts and assets.
Step 5: Beware incident-related scams Watch for phishing links, fake support and fake payouts; do not click unknown links or share codes.
Step 6: Keep records and follow up Save transaction records and screenshots, and track later compensation execution and regulatory feedback.
Sources
- Jiemian (163): Binance reserves $6.34B backstop