Binance has published Recovery Update #5, confirming that zero-knowledge (zk-SNARK) proofs for its October 31 Proof of Reserves (PoR) snapshot (00:00 UTC) are fully generated and verifiable.
This milestone enables users to independently verify 1:1 backing for major assets -including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC- via Binanceâs open-source verifier tool. Having covered ~95% of the $6.3B impacted balance using internal reserves and the SAFU fund, this cryptographic verification reinforces balance sheet transparency as phased withdrawal restorations continue.
$BNB #CoinVahini #Binance #CryptoSecurity #ProofOfReserves #SAFU
This milestone enables users to independently verify 1:1 backing for major assets -including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC- via Binanceâs open-source verifier tool. Having covered ~95% of the $6.3B impacted balance using internal reserves and the SAFU fund, this cryptographic verification reinforces balance sheet transparency as phased withdrawal restorations continue.
$BNB #CoinVahini #Binance #CryptoSecurity #ProofOfReserves #SAFU
