Binance says it has replaced 90% of the $6.3 billion stolen and will dip into its SAFU fund as it aims to reopen withdrawals on Sunday

Binance says it has now replaced about 90% of the roughly $6.3 billion taken in Thursday's theft, up from about 80% in its previous update, and that it remains on track to reopen withdrawals on Sunday, November 1, CoinDesk reports.

According to the exchange, customer holdings of BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed. The remaining 10% is made up of less liquid tokens, which Binance says may take longer to acquire and is buying on public markets and through over-the-counter trades. Binance has pledged that the losses will fall on the company rather than its users, Investing.com reports.

The money is coming from Binance's corporate treasury and part of its futures insurance fund, CoinDesk reports. Binance also expects a partial deployment of SAFU, its Secure Asset Fund for Users, over the next 24 hours. It says it will use only the portion above the fund's required size, and it has committed to restoring SAFU to about $1 billion.

Binance published a new proof-of-reserves snapshot, taken at midnight UTC on October 31, showing coverage of 100% or more for the named tokens. The full cryptographic proof, which lets users check that their balances are counted, is expected by November 3, according to CoinDesk. Blockchain analysis firms TRM Labs and Chainalysis attribute the attack to North Korea's TraderTraitor group. Binance has not named the attackers.