Security Incident Recovery Progress Announcement #5: Zero-Knowledge Proof for the October 31 Proof of Reserves Snapshot Generated; Users Can Now Complete Independent Verification (2026-11-02)
Dear users,
In
Recovery Progress Update #3
(published October 31, 2026), we confirmed that the affected assets had been replenished using Binance’s own funds. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now all backed by 100% of the reserves required. We also completed a new Proof of Reserves snapshot at 08:00 (UTC+8) on October 31, 2026, to show users the latest status of our asset reserves and further enhance transparency.
The complete zero-knowledge proof for the latest Proof of Reserves snapshot has been generated within the expected timeframe.
Binance users holding any of the ten tokens listed above can now independently verify whether their account balances on Binance are backed by at least 1:1 reserves.
Users can verify their balances using the verification tool on the
Proof of Reserves
website. For instructions, please see
the guide here.
We plan to take a new Proof of Reserves snapshot on November 4, 2026, and expand the range of tokens covered. We will then generate an updated complete zero-knowledge proof. Due to the substantial computational workload, this is expected to take approximately 40 to 50 hours.
As disclosed in
Recovery Progress Update #4
(published November 1, 2026), Binance has now replenished approximately 95% of the affected assets. The approximately 5% of assets yet to be replenished are primarily tokens that are not among the top ten tokens by market capitalization listed above. These assets have relatively low market liquidity, so it will take longer to purchase them in the required quantities. We are continuing to work closely with industry partners to purchase the remaining assets.
We are also working to restore withdrawal services for more networks and assets. The next phase is expected to open tomorrow, and the process will be gradual. We will share specific arrangements as soon as they are ready.
Our commitment remains unchanged:
User funds are safe, and Binance will cover the full value of the funds stolen in this security incident. With the zero-knowledge proof now generated, users can independently verify publicly the portion of this commitment for which reserves have been fully replenished.
Thank you for your support of Binance!
The Binance Team
November 2, 2026
Proof of Reserves Verification FAQ
Binance publishes Proof of Reserves so users do not have to rely solely on our statements to assess our asset reserves. The public can visit
here...
Want to learn more about related updates? Follow me now!
Dear users,
In
Recovery Progress Update #3
(published October 31, 2026), we confirmed that the affected assets had been replenished using Binance’s own funds. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now all backed by 100% of the reserves required. We also completed a new Proof of Reserves snapshot at 08:00 (UTC+8) on October 31, 2026, to show users the latest status of our asset reserves and further enhance transparency.
The complete zero-knowledge proof for the latest Proof of Reserves snapshot has been generated within the expected timeframe.
Binance users holding any of the ten tokens listed above can now independently verify whether their account balances on Binance are backed by at least 1:1 reserves.
Users can verify their balances using the verification tool on the
Proof of Reserves
website. For instructions, please see
the guide here.
We plan to take a new Proof of Reserves snapshot on November 4, 2026, and expand the range of tokens covered. We will then generate an updated complete zero-knowledge proof. Due to the substantial computational workload, this is expected to take approximately 40 to 50 hours.
As disclosed in
Recovery Progress Update #4
(published November 1, 2026), Binance has now replenished approximately 95% of the affected assets. The approximately 5% of assets yet to be replenished are primarily tokens that are not among the top ten tokens by market capitalization listed above. These assets have relatively low market liquidity, so it will take longer to purchase them in the required quantities. We are continuing to work closely with industry partners to purchase the remaining assets.
We are also working to restore withdrawal services for more networks and assets. The next phase is expected to open tomorrow, and the process will be gradual. We will share specific arrangements as soon as they are ready.
Our commitment remains unchanged:
User funds are safe, and Binance will cover the full value of the funds stolen in this security incident. With the zero-knowledge proof now generated, users can independently verify publicly the portion of this commitment for which reserves have been fully replenished.
Thank you for your support of Binance!
The Binance Team
November 2, 2026
Proof of Reserves Verification FAQ
Binance publishes Proof of Reserves so users do not have to rely solely on our statements to assess our asset reserves. The public can visit
here...
Want to learn more about related updates? Follow me now!