NEUTRAL 55 The Block 1H ago · 1 min read

Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack

AI summary

Binance has published its latest proof of reserves, letting users independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and other assets. The exchange says it has replenished 95% of the assets lost in a record hack and is working to restore withdrawals. Traders care because reserve transparency and withdrawal recovery are key signals of exchange solvency after a major breach.

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1 linked story · 2 outlets · since 2 Nov

1H AGO

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Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack

The Block · Score 55
4H AGO

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

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