Binance has replenished the assets of users affected by the security incident, and a new Proof of Reserves has been published
At 00:54 on November 13 (UTC+8), Binance announced that all assets affected by the earlier security incident had been fully replenished, and that a new Proof of Reserves (PoR) snapshot had been released.
The announcement said that following the incident, Binance committed more than $6.34 billion in company funds to cover the losses and repurchased the affected tokens through market and over-the-counter channels. The funds came from a portion of the Secure Asset Fund for Users (SAFU), amounts in the futures insurance fund exceeding risk management requirements, and Binance’s own funds. Binance also said it would replenish the SAFU fund to around $1 billion, maintaining it as an emergency reserve to protect users.
The latest reserve snapshot was taken at 08:00 on November 12 (UTC+8) and covers 198 tokens. Users can view it on the Proof of Reserves page. The complete zero-knowledge proof is expected to be generated in 40 to 50 hours, allowing users who hold affected tokens to verify for themselves whether their assets have at least 1:1 reserve backing. Withdrawal services will also continue to resume in phases.
After the announcement, CZ responded in a post at 02:19 on November 13: “100% 1:1 backing. Funds are SAFU!”
From replenishing the assets to publishing a reserve snapshot that users can independently verify, the most tangible takeaway for users is that they can check for themselves whether their funds are fully backed.
#币安 #储备金证明 #SAFU does not constitute investment advice.
At 00:54 on November 13 (UTC+8), Binance announced that all assets affected by the earlier security incident had been fully replenished, and that a new Proof of Reserves (PoR) snapshot had been released.
The announcement said that following the incident, Binance committed more than $6.34 billion in company funds to cover the losses and repurchased the affected tokens through market and over-the-counter channels. The funds came from a portion of the Secure Asset Fund for Users (SAFU), amounts in the futures insurance fund exceeding risk management requirements, and Binance’s own funds. Binance also said it would replenish the SAFU fund to around $1 billion, maintaining it as an emergency reserve to protect users.
The latest reserve snapshot was taken at 08:00 on November 12 (UTC+8) and covers 198 tokens. Users can view it on the Proof of Reserves page. The complete zero-knowledge proof is expected to be generated in 40 to 50 hours, allowing users who hold affected tokens to verify for themselves whether their assets have at least 1:1 reserve backing. Withdrawal services will also continue to resume in phases.
After the announcement, CZ responded in a post at 02:19 on November 13: “100% 1:1 backing. Funds are SAFU!”
From replenishing the assets to publishing a reserve snapshot that users can independently verify, the most tangible takeaway for users is that they can check for themselves whether their funds are fully backed.
#币安 #储备金证明 #SAFU does not constitute investment advice.
