Binance says $6.3B October hack losses fully covered, new reserve proof pending

Binance said it has fully covered user assets affected by its $6.3 billion October hack and published a new Proof of Reserves snapshot, with the accompanying zero-knowledge proof still to come. The Nov. 12 announcement is aimed at reassuring users that balances are backed after the incident. Traders will watch whether the pending zero-knowledge proof and reserve data hold up to independent scrutiny, since exchange solvency confidence can sway BNB and broader market sentiment.