Binance's Litecoin reserve addresses show no loss in $6.3 billion theft

The Litecoin addresses Binance publishes for its proof of reserves held Ł5,232,755 at the end of Oct 30, 2026, according to the register’s figures. That is up Ł38,134, or 0.7%, from Ł5,194,622 at the end of Oct 28, the day before about $6.3 billion was taken from the exchange.

Proof of reserves is a report in which an exchange lists the addresses holding its customers’ assets so their balances can be checked on the blockchain. Binance Exchange has 43 such Litecoin addresses on the register, the largest holding of the 98 holders it tracks.

The theft

Assets worth about $6.3 billion were taken from Binance hot wallets on Oct 29, Binance said. It said a preliminary investigation pointed to a compromised engineer’s laptop and found no evidence that wallet private keys had leaked.

Litecoin balances through Oct 30

The reserve addresses held Ł5,232,755 at the end of Oct 29, the day of the theft. The balance at the end of Oct 30 was the same to within Ł0.0001.

Binance said it suspended withdrawals on the evening of Oct 29. In the seven days to Oct 30 the balance ranged from Ł5,194,622 on Oct 28 to Ł5,232,755 on Oct 29 and Oct 30.

Two other Binance holdings on the register showed no change of note:

• The reserve address backing Binance-Peg Litecoin, a token on BNB Smart Chain backed by LTC held in reserve, held Ł745,000. The register has recorded no change to it since Jan 14, 2026.
• Binance Pool, the exchange’s mining pool, held Ł299,876 at the end of Oct 30. Its balance stayed within a range of Ł6 in the 10 days to Oct 30.

What the figures show

The register reads each address’s balance at the end of each day (UTC) from its own Litecoin node. A daily figure shows the balance at that time, not every transaction during the day.

The figures cover only the addresses Binance has published. Exchanges can hold LTC in addresses they have not disclosed, so on-chain figures usually understate a full holding.

What comes next

Binance said it will cover all losses from its Secure Asset Fund for Users (SAFU), an emergency reserve, and other company funds. It said it had set aside more than $6.34 billion and that about $3 billion of the stolen assets had been frozen with blockchain partners.

The exchange said it aimed to resume withdrawals in phases around Nov 1, subject to security checks. Binance Chief Executive Richard Teng said a full proof-of-reserves report would be published by Nov 2.

Correction, Nov 10

Two addresses on Binance’s Nov 4 proof-of-reserves list were missing from the register when this report was published. They first received coins on Oct 16 and Oct 19, and the register added them on Nov 10.

With them, Binance Exchange’s figures for Oct 28 to Oct 30 are Ł101,535 higher than given here, according to the register’s figures. The changes between those days are unchanged.

The figures above cover the 43 addresses on the register at the time. The Nov 10 report has the details.