$6.34 billion—Binance has fully plugged the hole left by the October hack.
Proof of reserves shows that users’ BTC, ETH, and USDT balances on the platform are backed 1:1, with about $3 billion in assets related to the incident frozen or intercepted. Meanwhile, the broader market weakened: BTC was at $69,349, down 4.3% over 24 hours; BNB at $641.39, down 2.1%; and ETH at $1,967, down 2.2%. As prices came under pressure, exchange asset transparency returned to the spotlight.
How much of the trust gap can proof of reserves fill?$BNB $BTC
Proof of reserves shows that users’ BTC, ETH, and USDT balances on the platform are backed 1:1, with about $3 billion in assets related to the incident frozen or intercepted. Meanwhile, the broader market weakened: BTC was at $69,349, down 4.3% over 24 hours; BNB at $641.39, down 2.1%; and ETH at $1,967, down 2.2%. As prices came under pressure, exchange asset transparency returned to the spotlight.
How much of the trust gap can proof of reserves fill?$BNB $BTC