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Binance completes 10-token reserve proof after $6.3B hack

Binance completes 10-token reserve proof after $6.3B hack
AI summary

Binance has completed a zero-knowledge Proof of Reserves verification covering ten major cryptocurrencies, published in a November 2 recovery update after a $6.3 billion hack on October 29. The attestation lets users independently confirm their holdings are fully backed. Traders will watch whether the proof restores confidence in exchange solvency and limits withdrawal pressure on Binance and BNB.

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