Binance has completed coverage of the assets hit in the Oct 29 security incident.
• New Proof of Reserves snapshot covers 198 tokens
• More than $6.34B in company funds committed to cover losses
• Withdrawals continue to reopen in phases
• The ZK proof takes approximately 40 to 50 hours to generate
• SAFU to be replenished to approximately US$1 billion
Earlier updates tracked partial coverage. This is the first time Binance calls it complete. Next thing to watch is the ZK proof. What matters more to you right now, the phased withdrawals or the proof?
• New Proof of Reserves snapshot covers 198 tokens
• More than $6.34B in company funds committed to cover losses
• Withdrawals continue to reopen in phases
• The ZK proof takes approximately 40 to 50 hours to generate
• SAFU to be replenished to approximately US$1 billion
Earlier updates tracked partial coverage. This is the first time Binance calls it complete. Next thing to watch is the ZK proof. What matters more to you right now, the phased withdrawals or the proof?
