Binance Publishes New Proof-of-Reserves Snapshot Following October Attack
Summary
Binance said on November 2 that it completed a zero-knowledge proof-of-reserves procedure using an October 31 snapshot covering ten major cryptoassets. It also reported that its replenishment programme for assets affected by a late-October security incident had reached about 95%. The proof offers a dated check of included assets against customer balances, but it is not a full financial audit, a guarantee against future losses, or evidence that all stolen assets were returned. Binance said another snapshot would follow on November 4, with the proof process expected to take 40 to 50 hours. Subsequent disclosures and withdrawal updates will help show whether reserves and service access remain reliable.
