RECOVERY UPDATE #5: THE OCTOBER 31 SNAPSHOT CAN NOW BE FULLY VERIFIED WITH ZK PROOFS
In Recovery Update #3, Binance confirmed that affected assets had been compensated using the exchange’s own funds, and that all BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC were fully backed at 100%.
The exchange also took a new Proof of Reserve (PoR) snapshot at 00:00 on October 31, 2026 (UTC), to provide an updated view of its assets for transparency. Now, in Update #5 dated November 2, 2026, users can fully verify the October 31 snapshot, as the zero-knowledge proof has been generated.
Takeaway: This is an important milestone because users no longer have to simply trust the exchange’s disclosures—they can independently verify the reserve snapshot using ZK proofs. A note of caution: being able to verify the snapshot as of October 31 does not mean that all other assets beyond those listed above are also 100% backed, so it’s still important to follow future updates on the remaining assets.
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$SOPH
$MITO
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In Recovery Update #3, Binance confirmed that affected assets had been compensated using the exchange’s own funds, and that all BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC were fully backed at 100%.
The exchange also took a new Proof of Reserve (PoR) snapshot at 00:00 on October 31, 2026 (UTC), to provide an updated view of its assets for transparency. Now, in Update #5 dated November 2, 2026, users can fully verify the October 31 snapshot, as the zero-knowledge proof has been generated.
Takeaway: This is an important milestone because users no longer have to simply trust the exchange’s disclosures—they can independently verify the reserve snapshot using ZK proofs. A note of caution: being able to verify the snapshot as of October 31 does not mean that all other assets beyond those listed above are also 100% backed, so it’s still important to follow future updates on the remaining assets.
👇 TRADE HOT COINS HERE 👇
$SOPH
$MITO
$KORU
