🚨 BINANCE SECURITY RECOVERY UPDATE #7: 98% OF STOLEN ASSETS REPLENISHED!
A major milestone in Binance's security recovery journey! 🔐
Binance has announced significant progress following the recent security incident:
✅ 98% of impacted assets replenished.
✅ Binance has allocated more than 100% of the required funds from its own resources to cover the losses — not users.
✅ Remaining 2% is being acquired through market and OTC channels due to lower liquidity.
✅ Proof of Reserves (PoR) coverage expanded from 10 to 44 tokens.
✅ New snapshot completed on November 4, 2026.
🔍 What's next?
The full Zero-Knowledge Proof is expected to take approximately 50–60 hours to generate. Once available, users holding covered tokens will be able to independently verify their balances are backed at a minimum 1:1 ratio.
My Take:
98% recovery, expanded transparency, and Binance taking responsibility for the losses demonstrate the importance of accountability in the crypto industry.
The remaining work is not finished, but progress matters.
Protecting users, rebuilding confidence, and strengthening security must always come first. 💪🔐
#Binance #Binancesecurity #Write2Earn $#ProofOfReserves #PoR $BTC $BNB
A major milestone in Binance's security recovery journey! 🔐
Binance has announced significant progress following the recent security incident:
✅ 98% of impacted assets replenished.
✅ Binance has allocated more than 100% of the required funds from its own resources to cover the losses — not users.
✅ Remaining 2% is being acquired through market and OTC channels due to lower liquidity.
✅ Proof of Reserves (PoR) coverage expanded from 10 to 44 tokens.
✅ New snapshot completed on November 4, 2026.
🔍 What's next?
The full Zero-Knowledge Proof is expected to take approximately 50–60 hours to generate. Once available, users holding covered tokens will be able to independently verify their balances are backed at a minimum 1:1 ratio.
My Take:
98% recovery, expanded transparency, and Binance taking responsibility for the losses demonstrate the importance of accountability in the crypto industry.
The remaining work is not finished, but progress matters.
Protecting users, rebuilding confidence, and strengthening security must always come first. 💪🔐
#Binance #Binancesecurity #Write2Earn $#ProofOfReserves #PoR $BTC $BNB
