#YiHe:ProofOfReserves:10TokensAt100%Backing
🔐 Yi He: 10 Tokens at 100% Backing, ZK Proof Due Nov 3
📅 Oct 31: co-CEO Yi He said Binance set aside $6.34B of its own funds for affected users
📊 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now fully backed
📸 A new Proof of Reserves snapshot was taken at 00:00 UTC Oct 31
⏳ The full zero-knowledge proof takes about 40-50 hours to compute, expected Nov 3 (UTC)
✅ Once out, holders of those 10 tokens can check for themselves for backing of at least 1:1
⚠️ Overall coverage is 90%; the last 10% is less liquid altcoins still being bought via market and OTC
What it means for crypto: a self-verifiable proof is stronger than a pledge, but withdrawals reopen Nov 1, before the proof lands.
Will you check your own balance in the proof? 👇
$BNB $BTC $ETH
#CryptoNews #Binance #ProofOfReserves #YiHe:ProofOfReserves:10TokensAt100%Backing
🔐 Yi He: 10 Tokens at 100% Backing, ZK Proof Due Nov 3
📅 Oct 31: co-CEO Yi He said Binance set aside $6.34B of its own funds for affected users
📊 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now fully backed
📸 A new Proof of Reserves snapshot was taken at 00:00 UTC Oct 31
⏳ The full zero-knowledge proof takes about 40-50 hours to compute, expected Nov 3 (UTC)
✅ Once out, holders of those 10 tokens can check for themselves for backing of at least 1:1
⚠️ Overall coverage is 90%; the last 10% is less liquid altcoins still being bought via market and OTC
What it means for crypto: a self-verifiable proof is stronger than a pledge, but withdrawals reopen Nov 1, before the proof lands.
Will you check your own balance in the proof? 👇
$BNB $BTC $ETH
#CryptoNews #Binance #ProofOfReserves #YiHe:ProofOfReserves:10TokensAt100%Backing
