#proofofreserves
proofofreserves
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A positive and encouraging update from Binance, demonstrating the importance of accountability, transparency, and putting users first. 👏
Reaching 90% restoration of the affected assets, up from 80% in the previous update, is significant progress. What deserves particular appreciation is Binance's commitment to covering the financial impact of this incident through its own resources, with more than $6.34 billion allocated to address the affected assets.
The updated Proof of Reserves snapshot is another important step toward transparency, allowing users to gain greater confidence in how their assets are backed. It is equally encouraging to see that the ten major affected tokens are now fully backed by reserves.
While the remaining assets are still being acquired through market and OTC transactions, the continued progress and regular communication reflect a clear commitment to resolving the situation responsibly.
Now, the focus is on completing the remaining 10% and resuming withdrawal services as scheduled on November 1.
Security incidents are never something to overlook, but taking responsibility, communicating openly, and protecting users throughout the recovery process truly matter.
Appreciate the Binance team's efforts and commitment to its users. Transparency and accountability should always come first. 🤝
#Binance #CryptoSecurity #SAFU🙏 #ProofOfReserves
A positive and encouraging update from Binance, demonstrating the importance of accountability, transparency, and putting users first. 👏
Reaching 90% restoration of the affected assets, up from 80% in the previous update, is significant progress. What deserves particular appreciation is Binance's commitment to covering the financial impact of this incident through its own resources, with more than $6.34 billion allocated to address the affected assets.
The updated Proof of Reserves snapshot is another important step toward transparency, allowing users to gain greater confidence in how their assets are backed. It is equally encouraging to see that the ten major affected tokens are now fully backed by reserves.
While the remaining assets are still being acquired through market and OTC transactions, the continued progress and regular communication reflect a clear commitment to resolving the situation responsibly.
Now, the focus is on completing the remaining 10% and resuming withdrawal services as scheduled on November 1.
Security incidents are never something to overlook, but taking responsibility, communicating openly, and protecting users throughout the recovery process truly matter.
Appreciate the Binance team's efforts and commitment to its users. Transparency and accountability should always come first. 🤝
#Binance #CryptoSecurity #SAFU🙏 #ProofOfReserves
Reaching 90% restoration of the affected assets, up from 80% in the previous update, is significant progress. What deserves particular appreciation is Binance's commitment to covering the financial impact of this incident through its own resources, with more than $6.34 billion allocated to address the affected assets.
The updated Proof of Reserves snapshot is another important step toward transparency, allowing users to gain greater confidence in how their assets are backed. It is equally encouraging to see that the ten major affected tokens are now fully backed by reserves.
While the remaining assets are still being acquired through market and OTC transactions, the continued progress and regular communication reflect a clear commitment to resolving the situation responsibly.
Now, the focus is on completing the remaining 10% and resuming withdrawal services as scheduled on November 1.
Security incidents are never something to overlook, but taking responsibility, communicating openly, and protecting users throughout the recovery process truly matter.
Appreciate the Binance team's efforts and commitment to its users. Transparency and accountability should always come first. 🤝
#Binance #CryptoSecurity #SAFU🙏 #ProofOfReserves
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Article
BINANCE PROOF OF RESERVES — CAN USERS VERIFY THEIR FUNDS?🔍 BINANCE'S NEXT BIG TEST: PROOF OF RESERVES!
Following its security crisis, Binance has published a new reserve snapshot.
A full zero-knowledge proof is expected November 3.
This could give users another way to independently verify asset backing.
💬 Is Proof of Reserves enough to build trust?
#Binance #ProofOfReserves #CryptoTransparency #BTC走势分析
BINANCE PROOF OF RESERVES — CAN USERS VERIFY THEIR FUNDS?
🔍 BINANCE'S NEXT BIG TEST: PROOF OF RESERVES!
Following its security crisis, Binance has published a new reserve snapshot.
A full zero-knowledge proof is expected November 3.
This could give users another way to independently verify asset backing.
💬 Is Proof of Reserves enough to build trust?
#Binance #ProofOfReserves #CryptoTransparency #BTC走势分析
Following its security crisis, Binance has published a new reserve snapshot.
A full zero-knowledge proof is expected November 3.
This could give users another way to independently verify asset backing.
💬 Is Proof of Reserves enough to build trust?
#Binance #ProofOfReserves #CryptoTransparency #BTC走势分析
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🔍 PROOF OF RESERVES: FINALLY, SOMETHING INVESTORS CAN VERIFY.
Following its security breach, Binance published a new Proof of Reserves snapshot on October 31.
The exchange says ten major assets, including BTC, ETH and USDT, are now fully backed.
The complete cryptographic proof is expected on November 3.
That's worth watching.
Because there's a difference between an exchange telling customers their money is safe and giving them a way to independently check the evidence.
Of course, Proof of Reserves alone doesn't eliminate every financial or security risk.
But greater transparency is a meaningful step toward accountability.
The industry needs fewer reassuring speeches and more independently verifiable information.
$BTC $ETH $USDT
#ProofOfReserves #CryptoNews #blockchain
🔍 PROOF OF RESERVES: FINALLY, SOMETHING INVESTORS CAN VERIFY.
Following its security breach, Binance published a new Proof of Reserves snapshot on October 31.
The exchange says ten major assets, including BTC, ETH and USDT, are now fully backed.
The complete cryptographic proof is expected on November 3.
That's worth watching.
Because there's a difference between an exchange telling customers their money is safe and giving them a way to independently check the evidence.
Of course, Proof of Reserves alone doesn't eliminate every financial or security risk.
But greater transparency is a meaningful step toward accountability.
The industry needs fewer reassuring speeches and more independently verifiable information.
$BTC $ETH $USDT
#ProofOfReserves #CryptoNews #blockchain
Following its security breach, Binance published a new Proof of Reserves snapshot on October 31.
The exchange says ten major assets, including BTC, ETH and USDT, are now fully backed.
The complete cryptographic proof is expected on November 3.
That's worth watching.
Because there's a difference between an exchange telling customers their money is safe and giving them a way to independently check the evidence.
Of course, Proof of Reserves alone doesn't eliminate every financial or security risk.
But greater transparency is a meaningful step toward accountability.
The industry needs fewer reassuring speeches and more independently verifiable information.
$BTC $ETH $USDT
#ProofOfReserves #CryptoNews #blockchain
41
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🟢 BINANCE RECOVERY UPDATE: 90% OF AFFECTED ASSETS REPLENISHED!
There is a major update following Binance’s recent security incident.
According to Binance’s official announcement dated October 31:
🔹 1️⃣ 90% Replenished
Binance says it has replenished approximately 90% of the affected assets, up from 80% in its previous update.
🔹 2️⃣ 10 Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed by reserves.
🔹 3️⃣ Proof of Reserves Updated
Binance has published a new Proof of Reserves snapshot. The complete zero-knowledge proof is expected on November 3.
🔹 4️⃣ What About the Remaining 10%?
Binance says the remaining assets are less-liquid tokens and may take longer to acquire.
🔹 5️⃣ When Will Withdrawals Resume?
Binance says it remains on track to resume withdrawals on Sunday, November 1. This is an expected timeline, not confirmation that withdrawals are already available.
💡 My takeaway: Recovery progress is encouraging, but users should wait for the official withdrawal reopening announcement before assuming services are fully restored.
💬 Question: What matters most to you after an exchange security incident—asset recovery, Proof of Reserves, or withdrawal access?
Follow JK Trader for simple crypto education and verified updates.
#Binance #ProofOfReserves #CryptoSecurity #bitcoin
🟢 BINANCE RECOVERY UPDATE: 90% OF AFFECTED ASSETS REPLENISHED!
There is a major update following Binance’s recent security incident.
According to Binance’s official announcement dated October 31:
🔹 1️⃣ 90% Replenished
Binance says it has replenished approximately 90% of the affected assets, up from 80% in its previous update.
🔹 2️⃣ 10 Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed by reserves.
🔹 3️⃣ Proof of Reserves Updated
Binance has published a new Proof of Reserves snapshot. The complete zero-knowledge proof is expected on November 3.
🔹 4️⃣ What About the Remaining 10%?
Binance says the remaining assets are less-liquid tokens and may take longer to acquire.
🔹 5️⃣ When Will Withdrawals Resume?
Binance says it remains on track to resume withdrawals on Sunday, November 1. This is an expected timeline, not confirmation that withdrawals are already available.
💡 My takeaway: Recovery progress is encouraging, but users should wait for the official withdrawal reopening announcement before assuming services are fully restored.
💬 Question: What matters most to you after an exchange security incident—asset recovery, Proof of Reserves, or withdrawal access?
Follow JK Trader for simple crypto education and verified updates.
#Binance #ProofOfReserves #CryptoSecurity #bitcoin
There is a major update following Binance’s recent security incident.
According to Binance’s official announcement dated October 31:
🔹 1️⃣ 90% Replenished
Binance says it has replenished approximately 90% of the affected assets, up from 80% in its previous update.
🔹 2️⃣ 10 Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed by reserves.
🔹 3️⃣ Proof of Reserves Updated
Binance has published a new Proof of Reserves snapshot. The complete zero-knowledge proof is expected on November 3.
🔹 4️⃣ What About the Remaining 10%?
Binance says the remaining assets are less-liquid tokens and may take longer to acquire.
🔹 5️⃣ When Will Withdrawals Resume?
Binance says it remains on track to resume withdrawals on Sunday, November 1. This is an expected timeline, not confirmation that withdrawals are already available.
💡 My takeaway: Recovery progress is encouraging, but users should wait for the official withdrawal reopening announcement before assuming services are fully restored.
💬 Question: What matters most to you after an exchange security incident—asset recovery, Proof of Reserves, or withdrawal access?
Follow JK Trader for simple crypto education and verified updates.
#Binance #ProofOfReserves #CryptoSecurity #bitcoin
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#YiHe:ProofOfReserves:10TokensAt100%Backing
🔐 Yi He: 10 Tokens at 100% Backing, ZK Proof Due Nov 3
📅 Oct 31: co-CEO Yi He said Binance set aside $6.34B of its own funds for affected users
📊 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now fully backed
📸 A new Proof of Reserves snapshot was taken at 00:00 UTC Oct 31
⏳ The full zero-knowledge proof takes about 40-50 hours to compute, expected Nov 3 (UTC)
✅ Once out, holders of those 10 tokens can check for themselves for backing of at least 1:1
⚠️ Overall coverage is 90%; the last 10% is less liquid altcoins still being bought via market and OTC
What it means for crypto: a self-verifiable proof is stronger than a pledge, but withdrawals reopen Nov 1, before the proof lands.
Will you check your own balance in the proof? 👇
$BNB $BTC $ETH
#CryptoNews #Binance #ProofOfReserves #YiHe:ProofOfReserves:10TokensAt100%Backing
#YiHe:ProofOfReserves:10TokensAt100%Backing
🔐 Yi He: 10 Tokens at 100% Backing, ZK Proof Due Nov 3
📅 Oct 31: co-CEO Yi He said Binance set aside $6.34B of its own funds for affected users
📊 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now fully backed
📸 A new Proof of Reserves snapshot was taken at 00:00 UTC Oct 31
⏳ The full zero-knowledge proof takes about 40-50 hours to compute, expected Nov 3 (UTC)
✅ Once out, holders of those 10 tokens can check for themselves for backing of at least 1:1
⚠️ Overall coverage is 90%; the last 10% is less liquid altcoins still being bought via market and OTC
What it means for crypto: a self-verifiable proof is stronger than a pledge, but withdrawals reopen Nov 1, before the proof lands.
Will you check your own balance in the proof? 👇
$BNB $BTC $ETH
#CryptoNews #Binance #ProofOfReserves #YiHe:ProofOfReserves:10TokensAt100%Backing
🔐 Yi He: 10 Tokens at 100% Backing, ZK Proof Due Nov 3
📅 Oct 31: co-CEO Yi He said Binance set aside $6.34B of its own funds for affected users
📊 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now fully backed
📸 A new Proof of Reserves snapshot was taken at 00:00 UTC Oct 31
⏳ The full zero-knowledge proof takes about 40-50 hours to compute, expected Nov 3 (UTC)
✅ Once out, holders of those 10 tokens can check for themselves for backing of at least 1:1
⚠️ Overall coverage is 90%; the last 10% is less liquid altcoins still being bought via market and OTC
What it means for crypto: a self-verifiable proof is stronger than a pledge, but withdrawals reopen Nov 1, before the proof lands.
Will you check your own balance in the proof? 👇
$BNB $BTC $ETH
#CryptoNews #Binance #ProofOfReserves #YiHe:ProofOfReserves:10TokensAt100%Backing
11
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🚨 BINANCE ANNOUNCES $6.34 BILLION USER-PROTECTION ALLOCATION! 💰🔐
Binance co-CEO Yi He has reportedly announced a major financial commitment following the exchange’s security incident, with billions allocated to protect affected users.
💰 $6.34 BILLION COMMITMENT
According to the report, Binance has allocated $6.34 billion in corporate funds to cover affected users.
🛡️ 10 MAJOR TOKENS REPORTEDLY 100% BACKED
The announcement names the following assets:
₿ BTC | ETH | USDT | BNB | SOL
USDC | XRP | USD1 | RLUSD | ZEC
Binance reportedly plans to continue purchasing additional altcoins until the remaining assets reach full backing.
🔍 PROOF OF RESERVES UPDATE
A new Proof of Reserves snapshot was reportedly taken at 00:00 UTC on October 31. The full zero-knowledge proof was expected to require approximately 40–50 hours of computation.
📊 WHY THIS MATTERS
Greater transparency around exchange reserves.
Independent verification of eligible user balances.
Stronger confidence through cryptographic proof.
Continued scrutiny of how affected assets are covered.
⚠️ IMPORTANT: A Proof of Reserves snapshot can help demonstrate asset backing, but it does not automatically prove that an exchange has no liabilities or guarantee that every user is fully protected. The reported allocation, token backing, and publication timeline still need confirmation through official Binance disclosures.
💬 YOUR TAKE: Will this move restore confidence in centralized exchanges, or will users increasingly prefer self-custody?
👇 Comment BINANCE if you believe proof of reserves should become an industry-wide standard!
#Binance #YiHe #CryptoNews #ProofOfReserves
CLICK TO BELOW TRADE👇
$BTC $ETH $BNB
{future}(BTCUSDT)
{future}(BNBUSDT)
{future}(ETHUSDT)
🚨 BINANCE ANNOUNCES $6.34 BILLION USER-PROTECTION ALLOCATION! 💰🔐
Binance co-CEO Yi He has reportedly announced a major financial commitment following the exchange’s security incident, with billions allocated to protect affected users.
💰 $6.34 BILLION COMMITMENT
According to the report, Binance has allocated $6.34 billion in corporate funds to cover affected users.
🛡️ 10 MAJOR TOKENS REPORTEDLY 100% BACKED
The announcement names the following assets:
₿ BTC | ETH | USDT | BNB | SOL
USDC | XRP | USD1 | RLUSD | ZEC
Binance reportedly plans to continue purchasing additional altcoins until the remaining assets reach full backing.
🔍 PROOF OF RESERVES UPDATE
A new Proof of Reserves snapshot was reportedly taken at 00:00 UTC on October 31. The full zero-knowledge proof was expected to require approximately 40–50 hours of computation.
📊 WHY THIS MATTERS
Greater transparency around exchange reserves.
Independent verification of eligible user balances.
Stronger confidence through cryptographic proof.
Continued scrutiny of how affected assets are covered.
⚠️ IMPORTANT: A Proof of Reserves snapshot can help demonstrate asset backing, but it does not automatically prove that an exchange has no liabilities or guarantee that every user is fully protected. The reported allocation, token backing, and publication timeline still need confirmation through official Binance disclosures.
💬 YOUR TAKE: Will this move restore confidence in centralized exchanges, or will users increasingly prefer self-custody?
👇 Comment BINANCE if you believe proof of reserves should become an industry-wide standard!
#Binance #YiHe #CryptoNews #ProofOfReserves
CLICK TO BELOW TRADE👇
$BTC $ETH $BNB
Binance co-CEO Yi He has reportedly announced a major financial commitment following the exchange’s security incident, with billions allocated to protect affected users.
💰 $6.34 BILLION COMMITMENT
According to the report, Binance has allocated $6.34 billion in corporate funds to cover affected users.
🛡️ 10 MAJOR TOKENS REPORTEDLY 100% BACKED
The announcement names the following assets:
₿ BTC | ETH | USDT | BNB | SOL
USDC | XRP | USD1 | RLUSD | ZEC
Binance reportedly plans to continue purchasing additional altcoins until the remaining assets reach full backing.
🔍 PROOF OF RESERVES UPDATE
A new Proof of Reserves snapshot was reportedly taken at 00:00 UTC on October 31. The full zero-knowledge proof was expected to require approximately 40–50 hours of computation.
📊 WHY THIS MATTERS
Greater transparency around exchange reserves.
Independent verification of eligible user balances.
Stronger confidence through cryptographic proof.
Continued scrutiny of how affected assets are covered.
⚠️ IMPORTANT: A Proof of Reserves snapshot can help demonstrate asset backing, but it does not automatically prove that an exchange has no liabilities or guarantee that every user is fully protected. The reported allocation, token backing, and publication timeline still need confirmation through official Binance disclosures.
💬 YOUR TAKE: Will this move restore confidence in centralized exchanges, or will users increasingly prefer self-custody?
👇 Comment BINANCE if you believe proof of reserves should become an industry-wide standard!
#Binance #YiHe #CryptoNews #ProofOfReserves
CLICK TO BELOW TRADE👇
$BTC $ETH $BNB
53
🛡️ $BNB SHOWS UNMATCHED RESILIENCE AS 90% OF CAPITAL LOSSES ARE OFFICIALLY RECLAIMED! ⚡
Smart money watches balance sheets before charts, and seeing over 6.34 billion deployed to absorb capital loss directly is an elite display of solvency. 🏦 Full 1:1 backing is already re-established across heavyweights like $BNB , $BTC , and $ETH , with proof of reserves refreshing transparently.
With withdrawals confirmed for November 1 and 90% of liquidity secured, institutional confidence is returning to the order books. 🌊 Absorbing the entire hit without touching user balances flips the market structure back toward high-conviction stability.
💬 How does this institutional balance sheet strength alter your positioning heading into November? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #Crypto #ProofOfReserves #MarketStructure
🛡️ ⚡
🛡️ $BNB SHOWS UNMATCHED RESILIENCE AS 90% OF CAPITAL LOSSES ARE OFFICIALLY RECLAIMED! ⚡
Smart money watches balance sheets before charts, and seeing over 6.34 billion deployed to absorb capital loss directly is an elite display of solvency. 🏦 Full 1:1 backing is already re-established across heavyweights like $BNB , $BTC , and $ETH , with proof of reserves refreshing transparently.
With withdrawals confirmed for November 1 and 90% of liquidity secured, institutional confidence is returning to the order books. 🌊 Absorbing the entire hit without touching user balances flips the market structure back toward high-conviction stability.
💬 How does this institutional balance sheet strength alter your positioning heading into November? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #Crypto #ProofOfReserves #MarketStructure
🛡️ ⚡
Smart money watches balance sheets before charts, and seeing over 6.34 billion deployed to absorb capital loss directly is an elite display of solvency. 🏦 Full 1:1 backing is already re-established across heavyweights like $BNB , $BTC , and $ETH , with proof of reserves refreshing transparently.
With withdrawals confirmed for November 1 and 90% of liquidity secured, institutional confidence is returning to the order books. 🌊 Absorbing the entire hit without touching user balances flips the market structure back toward high-conviction stability.
💬 How does this institutional balance sheet strength alter your positioning heading into November? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #Crypto #ProofOfReserves #MarketStructure
🛡️ ⚡
13
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Proof of Reserves is the next test after the record Binance hack.
Per reports, Binance planned an initial Proof of Reserves snapshot within 12 hours, with results due by Monday, November 2, and said it aims to resume withdrawals in phases. It also says it set aside $6.34 billion to cover the roughly $6.3 billion in losses (The Block).
Clear reserve data is what rebuilds confidence after a shock like this. $BNB is trading around $700 and $BTC is holding near $77K.
Will you wait for the Proof of Reserves results before moving funds, or are you not changing anything? Not financial advice.
#ProofOfReserves #Binance #CryptoSecurity
Proof of Reserves is the next test after the record Binance hack.
Per reports, Binance planned an initial Proof of Reserves snapshot within 12 hours, with results due by Monday, November 2, and said it aims to resume withdrawals in phases. It also says it set aside $6.34 billion to cover the roughly $6.3 billion in losses (The Block).
Clear reserve data is what rebuilds confidence after a shock like this. $BNB is trading around $700 and $BTC is holding near $77K.
Will you wait for the Proof of Reserves results before moving funds, or are you not changing anything? Not financial advice.
#ProofOfReserves #Binance #CryptoSecurity
Per reports, Binance planned an initial Proof of Reserves snapshot within 12 hours, with results due by Monday, November 2, and said it aims to resume withdrawals in phases. It also says it set aside $6.34 billion to cover the roughly $6.3 billion in losses (The Block).
Clear reserve data is what rebuilds confidence after a shock like this. $BNB is trading around $700 and $BTC is holding near $77K.
Will you wait for the Proof of Reserves results before moving funds, or are you not changing anything? Not financial advice.
#ProofOfReserves #Binance #CryptoSecurity
19
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#czsayscompensationisinplaceusersareprotected
🛡️ "Users are covered": what's stated vs what's still pending
Stated by Binance, CZ and Richard Teng (Decrypt, Fast Company ME):
• ~$6.36B moved out, incl. ~18,270 BTC and ~420K ETH
• $6.34B+ of company funds reserved, ~$5B already held in the exact tokens taken
• ~$3B frozen with partners (Tether ~$971M, Circle ~$823M)
• Binance, not users, bears the loss
Still pending:
• Withdrawals: targeted to reopen by Sunday
• Full Proof of Reserves: targeted for Monday
• ~$1.34B still being sourced via market and OTC buys
On the "which price?" worry: reports say Binance is restoring the same assets, not a fixed dollar value. Details are unpublished.
Check the numbers: CZ's Mt. Gox comparison (650–850K BTC, 5–7% of supply) is his estimate; other outlets cite ~647K BTC.
My read: a strong promise, but trust comes from Monday's PoR and independent verification, not statements.
Not financial advice. What proof would you need? 👇
$BNB
{future}(BNBUSDT)
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
#Binance #ProofOfReserves #CryptoSecurity
#czsayscompensationisinplaceusersareprotected
🛡️ "Users are covered": what's stated vs what's still pending
Stated by Binance, CZ and Richard Teng (Decrypt, Fast Company ME):
• ~$6.36B moved out, incl. ~18,270 BTC and ~420K ETH
• $6.34B+ of company funds reserved, ~$5B already held in the exact tokens taken
• ~$3B frozen with partners (Tether ~$971M, Circle ~$823M)
• Binance, not users, bears the loss
Still pending:
• Withdrawals: targeted to reopen by Sunday
• Full Proof of Reserves: targeted for Monday
• ~$1.34B still being sourced via market and OTC buys
On the "which price?" worry: reports say Binance is restoring the same assets, not a fixed dollar value. Details are unpublished.
Check the numbers: CZ's Mt. Gox comparison (650–850K BTC, 5–7% of supply) is his estimate; other outlets cite ~647K BTC.
My read: a strong promise, but trust comes from Monday's PoR and independent verification, not statements.
Not financial advice. What proof would you need? 👇
$BNB
$BTC
$ETH
#Binance #ProofOfReserves #CryptoSecurity
🛡️ "Users are covered": what's stated vs what's still pending
Stated by Binance, CZ and Richard Teng (Decrypt, Fast Company ME):
• ~$6.36B moved out, incl. ~18,270 BTC and ~420K ETH
• $6.34B+ of company funds reserved, ~$5B already held in the exact tokens taken
• ~$3B frozen with partners (Tether ~$971M, Circle ~$823M)
• Binance, not users, bears the loss
Still pending:
• Withdrawals: targeted to reopen by Sunday
• Full Proof of Reserves: targeted for Monday
• ~$1.34B still being sourced via market and OTC buys
On the "which price?" worry: reports say Binance is restoring the same assets, not a fixed dollar value. Details are unpublished.
Check the numbers: CZ's Mt. Gox comparison (650–850K BTC, 5–7% of supply) is his estimate; other outlets cite ~647K BTC.
My read: a strong promise, but trust comes from Monday's PoR and independent verification, not statements.
Not financial advice. What proof would you need? 👇
$BNB
$BTC
$ETH
#Binance #ProofOfReserves #CryptoSecurity
114
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Binance has a date circled: phased withdrawals targeted for about 05:30 UTC Sunday, with proof-of-reserves results by Monday.
Per CoinDesk and TokenPost, Binance says it set aside more than $6.34B against an estimated $6.3B hack, holds roughly $5B of the affected assets, and about $3B is frozen on-chain. Both dates are targets, not promises.
My take: the numbers matter less than whether the restart is smooth. Clear updates rebuild trust faster than big reserve figures. $BNB is near $702 and $BTC near $77K.
What would convince you to move funds back: the proof-of-reserves report, a smooth restart, or just more time?
#Binance #ProofOfReserves #Crypto
Binance has a date circled: phased withdrawals targeted for about 05:30 UTC Sunday, with proof-of-reserves results by Monday.
Per CoinDesk and TokenPost, Binance says it set aside more than $6.34B against an estimated $6.3B hack, holds roughly $5B of the affected assets, and about $3B is frozen on-chain. Both dates are targets, not promises.
My take: the numbers matter less than whether the restart is smooth. Clear updates rebuild trust faster than big reserve figures. $BNB is near $702 and $BTC near $77K.
What would convince you to move funds back: the proof-of-reserves report, a smooth restart, or just more time?
#Binance #ProofOfReserves #Crypto
Per CoinDesk and TokenPost, Binance says it set aside more than $6.34B against an estimated $6.3B hack, holds roughly $5B of the affected assets, and about $3B is frozen on-chain. Both dates are targets, not promises.
My take: the numbers matter less than whether the restart is smooth. Clear updates rebuild trust faster than big reserve figures. $BNB is near $702 and $BTC near $77K.
What would convince you to move funds back: the proof-of-reserves report, a smooth restart, or just more time?
#Binance #ProofOfReserves #Crypto
1
🚨 $BNB SHOWS SIX BILLION DOLLAR COMMITMENT AHEAD OF CRITICAL ONCHAIN VERIFICATION! 🔍
Smart money watches execution, not just headlines. 🏦 Backing over 6.34 billion dollars with roughly 5 billion already allocated to affected tokens shows serious balance sheet resilience, while another 3 billion remains frozen onchain.
📌 The real test for $BNB and $BTC sentiment hinges on phased withdrawal execution and verifiable proof on November 2. 💡 Capital demands transparency, and matching token replacement is what flips caution into conviction. 💬 Will the upcoming reserve audit solidify market trust or keep liquidity sidelined? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #BTC #ProofOfReserves #Crypto
🛡️ ⚡
🚨 $BNB SHOWS SIX BILLION DOLLAR COMMITMENT AHEAD OF CRITICAL ONCHAIN VERIFICATION! 🔍
Smart money watches execution, not just headlines. 🏦 Backing over 6.34 billion dollars with roughly 5 billion already allocated to affected tokens shows serious balance sheet resilience, while another 3 billion remains frozen onchain.
📌 The real test for $BNB and $BTC sentiment hinges on phased withdrawal execution and verifiable proof on November 2. 💡 Capital demands transparency, and matching token replacement is what flips caution into conviction. 💬 Will the upcoming reserve audit solidify market trust or keep liquidity sidelined? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #BTC #ProofOfReserves #Crypto
🛡️ ⚡
Smart money watches execution, not just headlines. 🏦 Backing over 6.34 billion dollars with roughly 5 billion already allocated to affected tokens shows serious balance sheet resilience, while another 3 billion remains frozen onchain.
📌 The real test for $BNB and $BTC sentiment hinges on phased withdrawal execution and verifiable proof on November 2. 💡 Capital demands transparency, and matching token replacement is what flips caution into conviction. 💬 Will the upcoming reserve audit solidify market trust or keep liquidity sidelined? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #BTC #ProofOfReserves #Crypto
🛡️ ⚡
·
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WHY THE INSOLVENCY NOISE AROUND $BNB FALLS FLAT AGAINST COLD HARD ON-CHAIN RESERVES 🦈🛡️
The market loves recycling panic, but conflating verifiable reserves with the commingled books of 2022 is a complete misread. 🔍 Robust annual operational revenue easily cushions isolated exploit compensations without denting solvency.
🌊 Heavy withdrawal waves cannot break an exchange running genuine 1:1 Proof of Reserves. When redemptions clear effortlessly under stress, frightened liquidity inevitably rotates back onto the bid.
💡 Smart capital views these stress tests as structural proof rather than collapse triggers. 💬 Do you see this liquidity test as genuine risk or peak market overreaction? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketPsychology #CryptoTrading
🎯 🦈
WHY THE INSOLVENCY NOISE AROUND $BNB FALLS FLAT AGAINST COLD HARD ON-CHAIN RESERVES 🦈🛡️
The market loves recycling panic, but conflating verifiable reserves with the commingled books of 2022 is a complete misread. 🔍 Robust annual operational revenue easily cushions isolated exploit compensations without denting solvency.
🌊 Heavy withdrawal waves cannot break an exchange running genuine 1:1 Proof of Reserves. When redemptions clear effortlessly under stress, frightened liquidity inevitably rotates back onto the bid.
💡 Smart capital views these stress tests as structural proof rather than collapse triggers. 💬 Do you see this liquidity test as genuine risk or peak market overreaction? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketPsychology #CryptoTrading
🎯 🦈
The market loves recycling panic, but conflating verifiable reserves with the commingled books of 2022 is a complete misread. 🔍 Robust annual operational revenue easily cushions isolated exploit compensations without denting solvency.
🌊 Heavy withdrawal waves cannot break an exchange running genuine 1:1 Proof of Reserves. When redemptions clear effortlessly under stress, frightened liquidity inevitably rotates back onto the bid.
💡 Smart capital views these stress tests as structural proof rather than collapse triggers. 💬 Do you see this liquidity test as genuine risk or peak market overreaction? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketPsychology #CryptoTrading
🎯 🦈
4
🚨 $BNB STRUCTURAL RESILIENCE PROVES SOLVENCY FUD IS JUST A LIQUIDITY TEST 🛡️
Market sentiment repeatedly mistakes temporary liquidity stress for fundamental insolvency. 🔍 The structural difference between unbacked balance sheet rehypothecation and verified 1:1 Proof of Reserves is absolute.
When balance sheets absorb elevated withdrawal velocity while robust operational revenue cushions market anomalies, the capital flight cycle inevitably reverses. 🌊 Once participants verify that asset backing remains fully intact, liquidity stabilizes and capital rotates right back in. 🤔 Do you view these exchange liquidity stress tests as structural risks or clear accumulation opportunities?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #MarketStructure #ProofOfReserves #CryptoSolvency
🎯 🦈
🚨 $BNB STRUCTURAL RESILIENCE PROVES SOLVENCY FUD IS JUST A LIQUIDITY TEST 🛡️
Market sentiment repeatedly mistakes temporary liquidity stress for fundamental insolvency. 🔍 The structural difference between unbacked balance sheet rehypothecation and verified 1:1 Proof of Reserves is absolute.
When balance sheets absorb elevated withdrawal velocity while robust operational revenue cushions market anomalies, the capital flight cycle inevitably reverses. 🌊 Once participants verify that asset backing remains fully intact, liquidity stabilizes and capital rotates right back in. 🤔 Do you view these exchange liquidity stress tests as structural risks or clear accumulation opportunities?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #MarketStructure #ProofOfReserves #CryptoSolvency
🎯 🦈
Market sentiment repeatedly mistakes temporary liquidity stress for fundamental insolvency. 🔍 The structural difference between unbacked balance sheet rehypothecation and verified 1:1 Proof of Reserves is absolute.
When balance sheets absorb elevated withdrawal velocity while robust operational revenue cushions market anomalies, the capital flight cycle inevitably reverses. 🌊 Once participants verify that asset backing remains fully intact, liquidity stabilizes and capital rotates right back in. 🤔 Do you view these exchange liquidity stress tests as structural risks or clear accumulation opportunities?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #MarketStructure #ProofOfReserves #CryptoSolvency
🎯 🦈
·
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🔍 $BNB POSTS 150B IN REPORTED ASSETS AS INSTITUTIONAL FLOWS FACE SCRUTINY 📊
While reported reserves exceeding 150 billion provide an encouraging macro baseline, institutional market participants look beyond static balance sheets. 📊 Real-time order flow and sustained withdrawal execution remain the true tests of structural solvency.
Smart money navigates heightened volatility by tracking verified proof-of-reserves attestations rather than absorbing speculative noise. 🌊 Preserving capital demands filtering market chatter through verifiable on-chain data and confirmed execution feeds.
💬 How closely are you monitoring exchange reserve attestations before positioning for your next structural setup?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketStructure #Crypto
🎯 🦈
🔍 $BNB POSTS 150B IN REPORTED ASSETS AS INSTITUTIONAL FLOWS FACE SCRUTINY 📊
While reported reserves exceeding 150 billion provide an encouraging macro baseline, institutional market participants look beyond static balance sheets. 📊 Real-time order flow and sustained withdrawal execution remain the true tests of structural solvency.
Smart money navigates heightened volatility by tracking verified proof-of-reserves attestations rather than absorbing speculative noise. 🌊 Preserving capital demands filtering market chatter through verifiable on-chain data and confirmed execution feeds.
💬 How closely are you monitoring exchange reserve attestations before positioning for your next structural setup?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketStructure #Crypto
🎯 🦈
While reported reserves exceeding 150 billion provide an encouraging macro baseline, institutional market participants look beyond static balance sheets. 📊 Real-time order flow and sustained withdrawal execution remain the true tests of structural solvency.
Smart money navigates heightened volatility by tracking verified proof-of-reserves attestations rather than absorbing speculative noise. 🌊 Preserving capital demands filtering market chatter through verifiable on-chain data and confirmed execution feeds.
💬 How closely are you monitoring exchange reserve attestations before positioning for your next structural setup?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketStructure #Crypto
🎯 🦈
🦈 $BNB SHOWS $150B IN ASSETS BUT SMART MONEY DEMANDS VERIFIED PROOF OF RESERVES! 📊
📊 While reported reserves north of $150 billion offer a massive psychological cushion, veteran market participants know balance sheet optics mean nothing without live on-chain transparency.
🌊 In high-volatility regimes, the only signals that carry weight are continuous transaction execution, uninterrupted user withdrawals, and independently audited proof-of-reserves data. Noise trades on emotion, but institutional liquidity tracks hard confirmation before executing risk positioning.
💡 Cut through unverified chatter and let verified data guide your stance. 🤔 Are you tracking on-chain proof of reserves, or letting rumor mill panic dictate your strategy?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketStructure #Liquidity
🎯 🦈
🦈 $BNB SHOWS $150B IN ASSETS BUT SMART MONEY DEMANDS VERIFIED PROOF OF RESERVES! 📊
📊 While reported reserves north of $150 billion offer a massive psychological cushion, veteran market participants know balance sheet optics mean nothing without live on-chain transparency.
🌊 In high-volatility regimes, the only signals that carry weight are continuous transaction execution, uninterrupted user withdrawals, and independently audited proof-of-reserves data. Noise trades on emotion, but institutional liquidity tracks hard confirmation before executing risk positioning.
💡 Cut through unverified chatter and let verified data guide your stance. 🤔 Are you tracking on-chain proof of reserves, or letting rumor mill panic dictate your strategy?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketStructure #Liquidity
🎯 🦈
📊 While reported reserves north of $150 billion offer a massive psychological cushion, veteran market participants know balance sheet optics mean nothing without live on-chain transparency.
🌊 In high-volatility regimes, the only signals that carry weight are continuous transaction execution, uninterrupted user withdrawals, and independently audited proof-of-reserves data. Noise trades on emotion, but institutional liquidity tracks hard confirmation before executing risk positioning.
💡 Cut through unverified chatter and let verified data guide your stance. 🤔 Are you tracking on-chain proof of reserves, or letting rumor mill panic dictate your strategy?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BNB #ProofOfReserves #MarketStructure #Liquidity
🎯 🦈
6
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Before touching any charts at this hour, I always verify exchange PoR data. Seeing $SOL sit quietly around 96.41 is a good reminder that on-chain security and bridge health matter far more than short-term noise. Don't skip checking smart contract audit reports and Merkle tree proofs. Stay safe out there.
#ProofOfReserves #Web3Security #SOL
Before touching any charts at this hour, I always verify exchange PoR data. Seeing $SOL sit quietly around 96.41 is a good reminder that on-chain security and bridge health matter far more than short-term noise. Don't skip checking smart contract audit reports and Merkle tree proofs. Stay safe out there.
#ProofOfReserves #Web3Security #SOL
#ProofOfReserves #Web3Security #SOL
1
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$BTC $BNB
The way Binance is handling this latest $6.34B security incident shows exactly why having a massive corporate backstop matters. Seeing that $5B is already held in the affected token equivalents—with the rest being covered via open market and OTC channels—is a heavy statement on exchange financial strength.
CZ stepping in to confirm there's zero domino-effect risk keeps user assurance steady while the technical teams iron everything out. Deposits are completely unaffected, and looking at the ~45 hour timeline for withdrawals to resume, the recovery turnaround is moving incredibly fast.
What's also good to see is the commitment to absolute transparency, with all recovered assets slated to be verified directly through the Proof of Reserves. Hard data via proof of reserves is exactly how you maintain industry trust during a crunch.
How do you guys feel about the recovery execution here? Does seeing a clear ~45 hour withdrawal timeline give you confidence, or are you holding off until the Proof of Reserves updates go live? Let's discuss below!
#CZ #Binance #ProofOfReserves
$BTC $BNB
The way Binance is handling this latest $6.34B security incident shows exactly why having a massive corporate backstop matters. Seeing that $5B is already held in the affected token equivalents—with the rest being covered via open market and OTC channels—is a heavy statement on exchange financial strength.
CZ stepping in to confirm there's zero domino-effect risk keeps user assurance steady while the technical teams iron everything out. Deposits are completely unaffected, and looking at the ~45 hour timeline for withdrawals to resume, the recovery turnaround is moving incredibly fast.
What's also good to see is the commitment to absolute transparency, with all recovered assets slated to be verified directly through the Proof of Reserves. Hard data via proof of reserves is exactly how you maintain industry trust during a crunch.
How do you guys feel about the recovery execution here? Does seeing a clear ~45 hour withdrawal timeline give you confidence, or are you holding off until the Proof of Reserves updates go live? Let's discuss below!
#CZ #Binance #ProofOfReserves
The way Binance is handling this latest $6.34B security incident shows exactly why having a massive corporate backstop matters. Seeing that $5B is already held in the affected token equivalents—with the rest being covered via open market and OTC channels—is a heavy statement on exchange financial strength.
CZ stepping in to confirm there's zero domino-effect risk keeps user assurance steady while the technical teams iron everything out. Deposits are completely unaffected, and looking at the ~45 hour timeline for withdrawals to resume, the recovery turnaround is moving incredibly fast.
What's also good to see is the commitment to absolute transparency, with all recovered assets slated to be verified directly through the Proof of Reserves. Hard data via proof of reserves is exactly how you maintain industry trust during a crunch.
How do you guys feel about the recovery execution here? Does seeing a clear ~45 hour withdrawal timeline give you confidence, or are you holding off until the Proof of Reserves updates go live? Let's discuss below!
#CZ #Binance #ProofOfReserves
1
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𝗜𝗻 𝗰𝗿𝘆𝗽𝘁𝗼 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟵, 𝗮𝗻𝗱 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 𝗿𝗲𝗺𝗶𝗻𝗱𝗲𝗱 𝗺𝗲: 𝗱𝗼𝗻'𝘁 𝘁𝗿𝘂𝘀𝘁, 𝘃𝗲𝗿𝗶𝗳𝘆 🔍💛
𝘉𝘪𝘯𝘢𝘯𝘤𝘦 𝘴𝘢𝘺𝘴 𝘵𝘩𝘦 𝘩𝘪𝘵 𝘸𝘢𝘴 𝘪𝘵𝘴 𝘰𝘸𝘯 𝘩𝘰𝘵 𝘸𝘢𝘭𝘭𝘦𝘵 𝘢𝘯𝘥 𝘢𝘯 𝘶𝘱𝘥𝘢𝘵𝘦𝘥 𝘗𝘳𝘰𝘰𝘧 𝘰𝘧 𝘙𝘦𝘴𝘦𝘳𝘷𝘦𝘴 𝘪𝘴 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘣𝘺 𝘔𝘰𝘯𝘥𝘢𝘺, 𝘩𝘦𝘳𝘦'𝘴 𝘩𝘰𝘸 𝘐'𝘭𝘭 𝘤𝘩𝘦𝘤𝘬 𝘪𝘵 𝘮𝘺𝘴𝘦𝘭𝘧:
1️⃣ 𝗪𝗵𝗮𝘁 𝗣𝗼𝗥 𝗦𝗵𝗼𝘄𝘀:
• A snapshot meant to show user assets are backed 1:1, a Merkle tree rolls all accounts into one root hash, and zk-SNARKs help prove the totals add up privately.
2️⃣ 𝗙𝗶𝗻𝗱 𝗬𝗼𝘂𝗿 𝗥𝗲𝗰𝗼𝗿𝗱:
• On Binance, go to Wallet > Verification, pick the latest date, and check your Record ID and the balances captured in the snapshot.
3️⃣ 𝗖𝗵𝗲𝗰𝗸 𝗜𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳:
• Download your Merkle file and run Binance's open-source verifier, if your leaf matches the published root, you were included.
⚠️ 𝗥𝗶𝘀𝗸 𝗡𝗼𝘁𝗲:
PoR is a snapshot, not real-time, and can't show every liability, so treat it as one strong signal, not the whole picture.
I'll be running my own check when the report drops, will you? 👀
📖 Learn more on Binance Academy: https://www.binance.com/en/academy/articles/what-is-proof-of-reserves-and-how-it-works-on-binance
Crypto involves risk, this is not financial advice, Always DYOR 💡
#ProofOfReserves #Binance #DYOR #CryptoSecurity
Follow me for more 💛
𝗜𝗻 𝗰𝗿𝘆𝗽𝘁𝗼 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟵, 𝗮𝗻𝗱 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 𝗿𝗲𝗺𝗶𝗻𝗱𝗲𝗱 𝗺𝗲: 𝗱𝗼𝗻'𝘁 𝘁𝗿𝘂𝘀𝘁, 𝘃𝗲𝗿𝗶𝗳𝘆 🔍💛
𝘉𝘪𝘯𝘢𝘯𝘤𝘦 𝘴𝘢𝘺𝘴 𝘵𝘩𝘦 𝘩𝘪𝘵 𝘸𝘢𝘴 𝘪𝘵𝘴 𝘰𝘸𝘯 𝘩𝘰𝘵 𝘸𝘢𝘭𝘭𝘦𝘵 𝘢𝘯𝘥 𝘢𝘯 𝘶𝘱𝘥𝘢𝘵𝘦𝘥 𝘗𝘳𝘰𝘰𝘧 𝘰𝘧 𝘙𝘦𝘴𝘦𝘳𝘷𝘦𝘴 𝘪𝘴 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘣𝘺 𝘔𝘰𝘯𝘥𝘢𝘺, 𝘩𝘦𝘳𝘦'𝘴 𝘩𝘰𝘸 𝘐'𝘭𝘭 𝘤𝘩𝘦𝘤𝘬 𝘪𝘵 𝘮𝘺𝘴𝘦𝘭𝘧:
1️⃣ 𝗪𝗵𝗮𝘁 𝗣𝗼𝗥 𝗦𝗵𝗼𝘄𝘀:
• A snapshot meant to show user assets are backed 1:1, a Merkle tree rolls all accounts into one root hash, and zk-SNARKs help prove the totals add up privately.
2️⃣ 𝗙𝗶𝗻𝗱 𝗬𝗼𝘂𝗿 𝗥𝗲𝗰𝗼𝗿𝗱:
• On Binance, go to Wallet > Verification, pick the latest date, and check your Record ID and the balances captured in the snapshot.
3️⃣ 𝗖𝗵𝗲𝗰𝗸 𝗜𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳:
• Download your Merkle file and run Binance's open-source verifier, if your leaf matches the published root, you were included.
⚠️ 𝗥𝗶𝘀𝗸 𝗡𝗼𝘁𝗲:
PoR is a snapshot, not real-time, and can't show every liability, so treat it as one strong signal, not the whole picture.
I'll be running my own check when the report drops, will you? 👀
📖 Learn more on Binance Academy: https://www.binance.com/en/academy/articles/what-is-proof-of-reserves-and-how-it-works-on-binance
Crypto involves risk, this is not financial advice, Always DYOR 💡
#ProofOfReserves #Binance #DYOR #CryptoSecurity
Follow me for more 💛
𝘉𝘪𝘯𝘢𝘯𝘤𝘦 𝘴𝘢𝘺𝘴 𝘵𝘩𝘦 𝘩𝘪𝘵 𝘸𝘢𝘴 𝘪𝘵𝘴 𝘰𝘸𝘯 𝘩𝘰𝘵 𝘸𝘢𝘭𝘭𝘦𝘵 𝘢𝘯𝘥 𝘢𝘯 𝘶𝘱𝘥𝘢𝘵𝘦𝘥 𝘗𝘳𝘰𝘰𝘧 𝘰𝘧 𝘙𝘦𝘴𝘦𝘳𝘷𝘦𝘴 𝘪𝘴 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘣𝘺 𝘔𝘰𝘯𝘥𝘢𝘺, 𝘩𝘦𝘳𝘦'𝘴 𝘩𝘰𝘸 𝘐'𝘭𝘭 𝘤𝘩𝘦𝘤𝘬 𝘪𝘵 𝘮𝘺𝘴𝘦𝘭𝘧:
1️⃣ 𝗪𝗵𝗮𝘁 𝗣𝗼𝗥 𝗦𝗵𝗼𝘄𝘀:
• A snapshot meant to show user assets are backed 1:1, a Merkle tree rolls all accounts into one root hash, and zk-SNARKs help prove the totals add up privately.
2️⃣ 𝗙𝗶𝗻𝗱 𝗬𝗼𝘂𝗿 𝗥𝗲𝗰𝗼𝗿𝗱:
• On Binance, go to Wallet > Verification, pick the latest date, and check your Record ID and the balances captured in the snapshot.
3️⃣ 𝗖𝗵𝗲𝗰𝗸 𝗜𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳:
• Download your Merkle file and run Binance's open-source verifier, if your leaf matches the published root, you were included.
⚠️ 𝗥𝗶𝘀𝗸 𝗡𝗼𝘁𝗲:
PoR is a snapshot, not real-time, and can't show every liability, so treat it as one strong signal, not the whole picture.
I'll be running my own check when the report drops, will you? 👀
📖 Learn more on Binance Academy: https://www.binance.com/en/academy/articles/what-is-proof-of-reserves-and-how-it-works-on-binance
Crypto involves risk, this is not financial advice, Always DYOR 💡
#ProofOfReserves #Binance #DYOR #CryptoSecurity
Follow me for more 💛
3
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Sau vụ hack 6,3 tỷ USD, câu hỏi quan trọng nhất: ai sẽ gánh khoản lỗ?
Theo bản tin ngày 30/10, Binance cho biết đã dự phòng khoảng 6,34 tỷ USD, trong đó 5 tỷ USD được giữ bằng các token tương ứng với tài sản bị ảnh hưởng.
Khoảng 3 tỷ USD tài sản bị đánh cắp cũng đã được báo cáo là đóng băng.
Tuy nhiên, cần phân biệt ba điều:
- Tổng giá trị tài sản bị ảnh hưởng không đồng nghĩa với khoản lỗ ròng.
- Tài sản bị đóng băng chưa chắc đã được thu hồi hoàn toàn.
- Quỹ dự phòng lớn không thay thế được việc kiểm chứng khả năng thanh toán và minh bạch tài sản.
Đây cũng là lý do Proof of Reserves và bằng chứng về nghĩa vụ nợ cần được nhìn nhận cùng nhau.
Một sự cố bảo mật lớn không tự động đồng nghĩa với mất khả năng thanh toán. Nhưng niềm tin phải được củng cố bằng dữ liệu có thể kiểm chứng.
Theo bạn, sau một sự cố như thế này, người dùng nên ưu tiên kiểm tra Proof of Reserves, bằng chứng về nghĩa vụ nợ hay tình trạng rút tiền trước?
#Binance #CryptoSecurity #ProofOfReserves
#BinancePick
Sau vụ hack 6,3 tỷ USD, câu hỏi quan trọng nhất: ai sẽ gánh khoản lỗ?
Theo bản tin ngày 30/10, Binance cho biết đã dự phòng khoảng 6,34 tỷ USD, trong đó 5 tỷ USD được giữ bằng các token tương ứng với tài sản bị ảnh hưởng.
Khoảng 3 tỷ USD tài sản bị đánh cắp cũng đã được báo cáo là đóng băng.
Tuy nhiên, cần phân biệt ba điều:
- Tổng giá trị tài sản bị ảnh hưởng không đồng nghĩa với khoản lỗ ròng.
- Tài sản bị đóng băng chưa chắc đã được thu hồi hoàn toàn.
- Quỹ dự phòng lớn không thay thế được việc kiểm chứng khả năng thanh toán và minh bạch tài sản.
Đây cũng là lý do Proof of Reserves và bằng chứng về nghĩa vụ nợ cần được nhìn nhận cùng nhau.
Một sự cố bảo mật lớn không tự động đồng nghĩa với mất khả năng thanh toán. Nhưng niềm tin phải được củng cố bằng dữ liệu có thể kiểm chứng.
Theo bạn, sau một sự cố như thế này, người dùng nên ưu tiên kiểm tra Proof of Reserves, bằng chứng về nghĩa vụ nợ hay tình trạng rút tiền trước?
#Binance #CryptoSecurity #ProofOfReserves
#BinancePick
Theo bản tin ngày 30/10, Binance cho biết đã dự phòng khoảng 6,34 tỷ USD, trong đó 5 tỷ USD được giữ bằng các token tương ứng với tài sản bị ảnh hưởng.
Khoảng 3 tỷ USD tài sản bị đánh cắp cũng đã được báo cáo là đóng băng.
Tuy nhiên, cần phân biệt ba điều:
- Tổng giá trị tài sản bị ảnh hưởng không đồng nghĩa với khoản lỗ ròng.
- Tài sản bị đóng băng chưa chắc đã được thu hồi hoàn toàn.
- Quỹ dự phòng lớn không thay thế được việc kiểm chứng khả năng thanh toán và minh bạch tài sản.
Đây cũng là lý do Proof of Reserves và bằng chứng về nghĩa vụ nợ cần được nhìn nhận cùng nhau.
Một sự cố bảo mật lớn không tự động đồng nghĩa với mất khả năng thanh toán. Nhưng niềm tin phải được củng cố bằng dữ liệu có thể kiểm chứng.
Theo bạn, sau một sự cố như thế này, người dùng nên ưu tiên kiểm tra Proof of Reserves, bằng chứng về nghĩa vụ nợ hay tình trạng rút tiền trước?
#Binance #CryptoSecurity #ProofOfReserves
#BinancePick
4.8k
شنو يعني "إثبات الاحتياطيات" (Proof of Reserves)؟ 🧾
بينانس وعدت تنشر إثبات احتياطيات يوم الاثنين 2 نوفمبر. خلي أشرحه ببساطة:
المنصة تثبت إن عدها أصول تكفي تغطي كل أرصدة المستخدمين، يعني كل دولار إلك بالحساب مقابله دولار موجود فعلاً.
والحلو إنك تگدر تتحقق بنفسك إن رصيدك محسوب ضمن التقرير، عن طريق شجرة Merkle. المنصة تعطيك رمز خاص بحسابك تفحص بيه.
انتبه: إثبات الاحتياطيات يبين الأصول، بس ما يبين دائماً كل الالتزامات بالتفصيل. فهو أداة مفيدة، مو ضمان كامل.
$BTC $BNB
فحصت رصيدك بإثبات الاحتياطيات قبل؟ 👇
#BinanceSquare #ProofOfReserves #CryptoTips
شنو يعني "إثبات الاحتياطيات" (Proof of Reserves)؟ 🧾
بينانس وعدت تنشر إثبات احتياطيات يوم الاثنين 2 نوفمبر. خلي أشرحه ببساطة:
المنصة تثبت إن عدها أصول تكفي تغطي كل أرصدة المستخدمين، يعني كل دولار إلك بالحساب مقابله دولار موجود فعلاً.
والحلو إنك تگدر تتحقق بنفسك إن رصيدك محسوب ضمن التقرير، عن طريق شجرة Merkle. المنصة تعطيك رمز خاص بحسابك تفحص بيه.
انتبه: إثبات الاحتياطيات يبين الأصول، بس ما يبين دائماً كل الالتزامات بالتفصيل. فهو أداة مفيدة، مو ضمان كامل.
$BTC $BNB
فحصت رصيدك بإثبات الاحتياطيات قبل؟ 👇
#BinanceSquare #ProofOfReserves #CryptoTips
بينانس وعدت تنشر إثبات احتياطيات يوم الاثنين 2 نوفمبر. خلي أشرحه ببساطة:
المنصة تثبت إن عدها أصول تكفي تغطي كل أرصدة المستخدمين، يعني كل دولار إلك بالحساب مقابله دولار موجود فعلاً.
والحلو إنك تگدر تتحقق بنفسك إن رصيدك محسوب ضمن التقرير، عن طريق شجرة Merkle. المنصة تعطيك رمز خاص بحسابك تفحص بيه.
انتبه: إثبات الاحتياطيات يبين الأصول، بس ما يبين دائماً كل الالتزامات بالتفصيل. فهو أداة مفيدة، مو ضمان كامل.
$BTC $BNB
فحصت رصيدك بإثبات الاحتياطيات قبل؟ 👇
#BinanceSquare #ProofOfReserves #CryptoTips
4
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