#BinanceUpdatesProofofReservesAddresses

Binance Updates Its Proof of Reserves: What Users Need to Know

💡 Binance has introduced new wallet addresses as part of its ongoing security response following the October 29 incident.

There’s an important development worth paying attention to.

Following the reported security incident, Binance has updated its Proof of Reserves (PoR) wallet records and introduced newly generated addresses. The move is intended to separate the affected wallet infrastructure from the newly deployed structures used for ongoing operations.

But changing wallet addresses is only one part of the recovery process. The bigger question is whether customer assets remain fully backed and independently verifiable.

📌 Here's What Has Changed

1. New Wallet Infrastructure

Binance has introduced fresh wallet addresses and moved away from previously affected wallet structures, including the address associated with the incident. This is an important step in its security response.

2. Updated Proof of Reserves

Binance published a new PoR snapshot dated October 31, 2026.

According to the latest reported figures, these 10 major assets have reached a minimum 1:1 reserve backing ratio:

- BTC

- ETH

- USDT

- BNB

- SOL

- USDC

- XRP

- USD1

- RLUSD

- ZEC

This is an encouraging recovery milestone, although reserve coverage and the security of the underlying infrastructure are two different things.

3. Withdrawals Returning in Phases

Withdrawal services are being restored gradually across supported networks, including Ethereum and BNB Smart Chain.

A phased reopening allows the exchange to bring services back while managing operational and security risks.

4. Zero-Knowledge Proof Verification

Binance has indicated that its full zk-SNARKs verification process is expected by November 3, 2026.

This matters because users will be able to verify that their individual account balances are included in the reserve verification process without publicly exposing their personal financial information.

🔎 How Can Users Verify the Reserves?

Rather than relying entirely on announcements, users can visit the official Binance Proof of Reserves page:

https://www.binance.com/en/proof-of-reserves

The portal provides access to reserve information, wallet addresses, and verification data that users can examine themselves.

💭 My Take

What interests me most here isn't simply how quickly Binance restores withdrawals.

It's whether the exchange can rebuild confidence through transparent reserves, stronger wallet security, and verifiable proof of customer liabilities.

A 1:1 reserve ratio is an important starting point, but it doesn't automatically answer every question about custody, operational security, or risk management.

For me, the real test is transparency that users can independently verify, not just promises made during a crisis.

I'll be watching the upcoming zero-knowledge verification and the progress of withdrawal restoration closely.