Binance Alpha NES Swap and Refund: Two-Snapshot Eligibility

Binance Alpha is using two separate snapshots to decide which NES holders qualify for a 1:1 swap and which fall under refund treatment after an exploit hit the Nesa token, according to CryptoSlate's account of the exchange's recovery notice. TLDR KEYPOINTS Binance Alpha uses two snapshots to sort eligibility. The snapshots determine both NES swap and refund eligibility. The eligibility determination follows an exploit affecting NES. Nesa (NES) trades at $0.1476 at press time, up 2.5% over 24 hours, with a market capitalization near $20.9 million on roughly $4.9 million in daily volume. Those are current aggregate figures, not an exploit-time valuation or proof of recovery. The broader market sat at 56 on the Fear & Greed Index, in "Greed," which is general context and not a read on NES sentiment. How Binance Alpha uses two snapshots for NES eligibility The recovery framework rests on two timestamps rather than one. Binance Alpha applies an August 24, 2026, 14:51 UTC cutoff and a September 5, 2026, 04:00 UTC trading-suspension snapshot to determine eligibility, as reported by CryptoSlate. Binance's original notice could not be independently read, so these terms are secondary reporting. For related coverage, see Binance Wallet Introduces OKZOO as 12th TGE Project. First Binance Alpha eligibility cutoff 24 August 2026, 14:51 UTC CryptoSlate reports that NES held before this cutoff must also have an eligible portion retained at the September 5 suspension snapshot for that portion to qualify for a 1:1 swap. Binance’s original notice was not independently verified. Source: CryptoSlate. What the two snapshots determine The two snapshots together inform who qualifies and for what. The reporting does not describe one snapshot as governing swaps and the other governing refunds; instead, eligibility is assessed across both points in time. Holders should not assume the roles are cleanly split between the two dates. For related coverage, see 4 AI projects Binance Labs supports: New investment potential?. What the snapshots mean for NES swap and refund eligibility The framework splits into two outcomes: a swap and a refund. Eligibility is determined using the two snapshots, and not every NES holder automatically qualifies for either path. For related coverage, see Binance hires two senior compliance executives amid scrutiny. NES swap eligibility Users who held NES before the August 24 cutoff must also have retained an eligible portion at the September 5 suspension to receive a 1:1 swap for that portion, per CryptoSlate's account of Binance's notice. The exchange scheduled NES trading to reopen on September 10, 2026, at 08:00 UTC, a reported schedule rather than independently observed execution. Binance Alpha trading-suspension snapshot 5 September 2026, 04:00 UTC According to CryptoSlate, this snapshot checks the eligible NES portion retained for the 1:1 swap.