🟢 BINANCE RECOVERY UPDATE: 90% OF AFFECTED ASSETS REPLENISHED!
There is a major update following Binance’s recent security incident.
According to Binance’s official announcement dated October 31:
🔹 1️⃣ 90% Replenished
Binance says it has replenished approximately 90% of the affected assets, up from 80% in its previous update.
🔹 2️⃣ 10 Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed by reserves.
🔹 3️⃣ Proof of Reserves Updated
Binance has published a new Proof of Reserves snapshot. The complete zero-knowledge proof is expected on November 3.
🔹 4️⃣ What About the Remaining 10%?
Binance says the remaining assets are less-liquid tokens and may take longer to acquire.
🔹 5️⃣ When Will Withdrawals Resume?
Binance says it remains on track to resume withdrawals on Sunday, November 1. This is an expected timeline, not confirmation that withdrawals are already available.
💡 My takeaway: Recovery progress is encouraging, but users should wait for the official withdrawal reopening announcement before assuming services are fully restored.
💬 Question: What matters most to you after an exchange security incident—asset recovery, Proof of Reserves, or withdrawal access?
Follow JK Trader for simple crypto education and verified updates.
#Binance #ProofOfReserves #CryptoSecurity #bitcoin
There is a major update following Binance’s recent security incident.
According to Binance’s official announcement dated October 31:
🔹 1️⃣ 90% Replenished
Binance says it has replenished approximately 90% of the affected assets, up from 80% in its previous update.
🔹 2️⃣ 10 Major Tokens Fully Backed
BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed by reserves.
🔹 3️⃣ Proof of Reserves Updated
Binance has published a new Proof of Reserves snapshot. The complete zero-knowledge proof is expected on November 3.
🔹 4️⃣ What About the Remaining 10%?
Binance says the remaining assets are less-liquid tokens and may take longer to acquire.
🔹 5️⃣ When Will Withdrawals Resume?
Binance says it remains on track to resume withdrawals on Sunday, November 1. This is an expected timeline, not confirmation that withdrawals are already available.
💡 My takeaway: Recovery progress is encouraging, but users should wait for the official withdrawal reopening announcement before assuming services are fully restored.
💬 Question: What matters most to you after an exchange security incident—asset recovery, Proof of Reserves, or withdrawal access?
Follow JK Trader for simple crypto education and verified updates.
#Binance #ProofOfReserves #CryptoSecurity #bitcoin
