Binance has completed the zero-knowledge proof for its 2026-10-31 Proof of Reserve snapshot, confirming BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed at 100% after being replenished with the exchange's own funds. Users can verify balances at 1:1 via the open-source, audited verifier tool on the PoR website. Per Recovery Update #4, about 95% of the impacted amount is covered; the remaining 5% involves less liquid tokens. A broader snapshot is planned for 2026-11-04, with the next zk proof expected to take 40–50 hours. Withdrawals resume progressively, and Binance says it will absorb the stolen funds' financial impact.

AI summary of the linked source — not editorial content.

Explore the topic

Loading related coverage…

Comments

Loading comments…