{"id":73936,"date":"2026-10-31T13:38:17","date_gmt":"2026-10-31T17:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/binance-replenishes-90-of-stolen-funds-rubio-discusses-trump-putin-summit\/73936\/"},"modified":"2026-10-31T13:38:17","modified_gmt":"2026-10-31T17:38:17","slug":"binance-replenishes-90-of-stolen-funds-rubio-discusses-trump-putin-summit","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/binance-replenishes-90-of-stolen-funds-rubio-discusses-trump-putin-summit\/73936\/","title":{"rendered":"Binance Replenishes 90% of Stolen Funds; Rubio Discusses Trump-Putin Summit"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Binance<\/strong> has successfully replenished <strong>90% of the $6.3 billion<\/strong> in assets stolen during a massive security breach on October 29, 2024.<\/li>\n<li>The exchange confirmed that 10 major tokens, including <strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong>, <strong>Ethereum (<a href=\"\/stock\/ETH\">ETH<\/a>)<\/strong>, and <strong>Tether (USDT)<\/strong>, are now <strong>100% fully backed<\/strong>.<\/li>\n<li><strong>Withdrawals are scheduled to resume<\/strong> on Sunday, November 1, following a multi-day suspension during the recovery process.<\/li>\n<li>U.S. Secretary of State <strong>Marco Rubio<\/strong> held talks with Russian Foreign Minister <strong>Sergey Lavrov<\/strong> regarding a potential meeting between <strong>Donald Trump<\/strong> and <strong>Vladimir Putin<\/strong> at next month&#39;s <strong>APEC summit<\/strong>.<\/li>\n<\/ul>\n<h2>Binance Recovers Majority of $6.3 Billion Heist<\/h2>\n<p>Cryptocurrency exchange <strong>Binance<\/strong> announced on Saturday that it has replaced approximately <strong>$5.7 billion<\/strong> (90%) of the funds lost in a record-breaking heist. The company utilized its <strong>corporate treasury<\/strong>, the <strong>Secure Asset Fund for Users (SAFU)<\/strong>, and its <strong>Futures insurance fund<\/strong> to cover the losses, ensuring that users do not bear the financial impact.<\/p>\n<p>The exchange specifically noted that <strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong>, <strong>Ethereum (<a href=\"\/stock\/ETH\">ETH<\/a>)<\/strong>, <strong>USDT<\/strong>, <strong>BNB<\/strong>, <strong>Solana (<a href=\"\/stock\/SOL\">SOL<\/a>)<\/strong>, <strong>USDC<\/strong>, <strong>XRP<\/strong>, <strong>USD1<\/strong>, <strong>RLUSD<\/strong>, and <strong>Zcash (ZEC)<\/strong> are now fully backed at a 1:1 ratio. The remaining 10% of stolen assets consist of less liquid altcoins, which the company is currently sourcing through market and over-the-counter (OTC) channels.<\/p>\n<h2>Security Breach Linked to North Korean Hackers<\/h2>\n<p>Blockchain intelligence firms, including <strong>TRM Labs<\/strong> and <strong>Chainalysis<\/strong>, have attributed the $6.3 billion breach to the North Korea-linked group <strong>TraderTraitor<\/strong>. The attack, which targeted Binance&#39;s hot wallets, is being cited as the largest cryptocurrency theft in history. <em>Market analysts suggest the exchange&#39;s rapid replenishment of funds may help maintain institutional confidence despite the unprecedented scale of the attack.<\/em><\/p>\n<p>Binance has provided a new <strong>Proof of Reserves (PoR)<\/strong> snapshot as of October 31 to verify the current standing of user assets. While withdrawals remain paused, the exchange is on track to restore full service by <strong>Sunday, November 1<\/strong>. <em>The company has committed to rebuilding its SAFU emergency reserve to its $1 billion target within the next 24 hours.<\/em><\/p>\n<h2>Diplomatic Maneuvers: Rubio and Lavrov Discuss APEC<\/h2>\n<p>On the geopolitical front, U.S. Secretary of State <strong>Marco Rubio<\/strong> confirmed he spoke with Russian Foreign Minister <strong>Sergey Lavrov<\/strong> about a high-level meeting between <strong>Donald Trump<\/strong> and <strong>Vladimir Putin<\/strong>. The proposed encounter would take place on the sidelines of the <strong>Asia-Pacific Economic Cooperation (APEC)<\/strong> summit scheduled for next month in China.<\/p>\n<p>The discussions occurred during the <strong>G20 foreign ministers&#39; meeting<\/strong> in Atlanta, where Rubio is currently hosting international delegations. <em>The potential for a Trump-Putin summit signals a significant shift in diplomatic engagement, as the leaders look to address ongoing conflicts in Ukraine and Iran.<\/em> While the Kremlin has expressed interest in the meeting, Washington has yet to officially confirm the President&#39;s full attendance schedule for the summit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Binance has successfully replenished 90% of the $6.3 billion in assets stolen during a massive security breach on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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