Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday
AI summary
Binance's tracked exchange assets have dropped by roughly $16.6 billion since the Oct. 29 hack, falling from about $144.9 billion to a lower level, with Defillama data cited for the drawdown. The exchange's full zero-knowledge reserve proof, first promised for Monday, is now due Tuesday, Nov. 3. Traders will watch the delayed proof for confirmation that reserves back customer balances, since a large outflow at the largest exchange can pressure confidence and prices across the market.
