Independent Crypto News | Not Affiliated with Binance 🚨 BINANCE SECURITY UPDATE: 98% OF AFFECTED ASSETS REPLENISHED
A major milestone in Binance's recovery efforts.
Following the October 29 security incident, Binance has announced significant progress in restoring the affected assets.
Here's what you need to know:
🔹 98% Replenished: Binance has restored approximately 98% of the impacted assets using its own resources.
🔹 Remaining 2%: The remaining assets are less liquid tokens, requiring additional time to acquire through market and OTC channels.
🔹 Expanded Transparency: The latest Proof of Reserves snapshot now covers 44 tokens, up from 10 previously.
🔹 Independent Verification: A Zero-Knowledge Proof is expected to take approximately 50–60 hours to generate, allowing eligible users to independently verify their asset backing.
What's Next?
Binance says it will continue replenishing the remaining assets, restoring withdrawal services in phases, and strengthening its security infrastructure.
The recovery process is progressing, but the work isn't finished yet.
📢 Transparency, accountability, and security remain critical for the crypto industry.
Source: Binance Official Announcement — November 4, 2026.
#Binance #CryptoNews🔒📰🚫 #Bitcoin❗ #Blockchain #ProofOfReserves #CryptoSecurity $BTC
A major milestone in Binance's recovery efforts.
Following the October 29 security incident, Binance has announced significant progress in restoring the affected assets.
Here's what you need to know:
🔹 98% Replenished: Binance has restored approximately 98% of the impacted assets using its own resources.
🔹 Remaining 2%: The remaining assets are less liquid tokens, requiring additional time to acquire through market and OTC channels.
🔹 Expanded Transparency: The latest Proof of Reserves snapshot now covers 44 tokens, up from 10 previously.
🔹 Independent Verification: A Zero-Knowledge Proof is expected to take approximately 50–60 hours to generate, allowing eligible users to independently verify their asset backing.
What's Next?
Binance says it will continue replenishing the remaining assets, restoring withdrawal services in phases, and strengthening its security infrastructure.
The recovery process is progressing, but the work isn't finished yet.
📢 Transparency, accountability, and security remain critical for the crypto industry.
Source: Binance Official Announcement — November 4, 2026.
#Binance #CryptoNews🔒📰🚫 #Bitcoin❗ #Blockchain #ProofOfReserves #CryptoSecurity $BTC
