Binance said it has completed a new zero-knowledge proof of reserves snapshot, allowing users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC to independently verify that their balances are backed 1:1.
In its latest recovery update published Monday morning, the exchange said it replenished about 95% of the assets affected by last week's hack with its own funds, with the remaining 5% in less-liquid tokens it is still working to acquire.
"We've completed the latest Proof of Reserves verification, giving users another way to independently check that their assets are backed," Binance Co-CEO Richard Teng wrote in a post on X. "There's still work to do, and we'll continue to communicate our progress openly."
In its latest recovery update published Monday morning, the exchange said it replenished about 95% of the assets affected by last week's hack with its own funds, with the remaining 5% in less-liquid tokens it is still working to acquire.
"We've completed the latest Proof of Reserves verification, giving users another way to independently check that their assets are backed," Binance Co-CEO Richard Teng wrote in a post on X. "There's still work to do, and we'll continue to communicate our progress openly."
