Security incident update: October 31 Proof of Reserves snapshot available for independent verification
Dear Binance users, we continue to keep you informed about our efforts to resolve the incident.
🔸 A complete zero-knowledge proof (ZK-proof) has been generated for the October 31 reserves snapshot. If you hold BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, or ZEC on Binance, you can independently verify that your balance is backed at least 1:1. Verification is available on the Proof of Reserves page.
🔸 We will take a new snapshot on November 4, covering more tokens. Due to the volume of computations, the updated proof will be ready in approximately 40–50 hours.
🔸 About 95% of the affected amount has been covered. The remaining 5% consists of less liquid tokens that are not among the top ten. We continue to acquire them together with our industry partners.
🔸 The next phase of resuming withdrawals for other networks and assets is scheduled for tomorrow. It will take place gradually; we will share details separately.
Binance will bear all financial consequences of the incident. These losses will not be passed on to users. Everyone can now verify that their assets are fully backed.
For verification, use only the official Binance website, and never share your login credentials with anyone.
We will continue to publish updates through Binance’s official channels.
Dear Binance users, we continue to keep you informed about our efforts to resolve the incident.
🔸 A complete zero-knowledge proof (ZK-proof) has been generated for the October 31 reserves snapshot. If you hold BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, or ZEC on Binance, you can independently verify that your balance is backed at least 1:1. Verification is available on the Proof of Reserves page.
🔸 We will take a new snapshot on November 4, covering more tokens. Due to the volume of computations, the updated proof will be ready in approximately 40–50 hours.
🔸 About 95% of the affected amount has been covered. The remaining 5% consists of less liquid tokens that are not among the top ten. We continue to acquire them together with our industry partners.
🔸 The next phase of resuming withdrawals for other networks and assets is scheduled for tomorrow. It will take place gradually; we will share details separately.
Binance will bear all financial consequences of the incident. These losses will not be passed on to users. Everyone can now verify that their assets are fully backed.
For verification, use only the official Binance website, and never share your login credentials with anyone.
We will continue to publish updates through Binance’s official channels.
