Binance publishes a new Proof of Reserves after completing incident coverage
Facts and timing: the Support notice is listed as published on November 12, 2026, at 16:54 UTC; the Square post is dated November 13. Binance says it has completed coverage of the affected assets and committed more than $6.34 billion in corporate funds to cover losses and buy tokens.
The new Proof of Reserves snapshot was taken on November 12 at 00:00 UTC and covers 198 tokens. Binance says the complete zero-knowledge proof will take approximately 40–50 hours to generate; afterward, users of the affected assets will be able to verify whether coverage is at least 1:1. In the meantime, withdrawals will continue reopening in phases.
What this means and what it doesn’t: a snapshot shows reserves and liabilities at a specific point in time; it is not a permanent guarantee and does not replace a review of risks, custody, and withdrawal availability. The 1:1 claim should be checked when the proof is available, not assumed in advance.
Market reading as of 01:43 UTC: BTC is trading at 70,877.43 USDT (-3.783% in 24 hours), ETH at 2,009.40 (-1.969%), and BNB at 654.01 (-3.663%). These are Spot figures for context and do not prove a causal link to the incident or the announcement.
Operational risk: if you hold affected assets, check only official notices, withdrawal status, and the PoR proof once it is published. Avoid rumors, unverified links, and decisions based solely on a snapshot.
$BTC $ETH $BNB
Educational Content. Not financial advice.
#ProofOfReserves #Binance #Security #Bitcoin #CryptoEducation
Facts and timing: the Support notice is listed as published on November 12, 2026, at 16:54 UTC; the Square post is dated November 13. Binance says it has completed coverage of the affected assets and committed more than $6.34 billion in corporate funds to cover losses and buy tokens.
The new Proof of Reserves snapshot was taken on November 12 at 00:00 UTC and covers 198 tokens. Binance says the complete zero-knowledge proof will take approximately 40–50 hours to generate; afterward, users of the affected assets will be able to verify whether coverage is at least 1:1. In the meantime, withdrawals will continue reopening in phases.
What this means and what it doesn’t: a snapshot shows reserves and liabilities at a specific point in time; it is not a permanent guarantee and does not replace a review of risks, custody, and withdrawal availability. The 1:1 claim should be checked when the proof is available, not assumed in advance.
Market reading as of 01:43 UTC: BTC is trading at 70,877.43 USDT (-3.783% in 24 hours), ETH at 2,009.40 (-1.969%), and BNB at 654.01 (-3.663%). These are Spot figures for context and do not prove a causal link to the incident or the announcement.
Operational risk: if you hold affected assets, check only official notices, withdrawal status, and the PoR proof once it is published. Avoid rumors, unverified links, and decisions based solely on a snapshot.
$BTC $ETH $BNB
Educational Content. Not financial advice.
#ProofOfReserves #Binance #Security #Bitcoin #CryptoEducation
