#BinanceUpdatesProofofReservesAddresses
Binance has reportedly updated the public wallet addresses associated with its Proof of Reserves (PoR) system, introducing newly generated addresses as part of its security recovery efforts following a reported $6.3 billion security incident on October 30, 2026.
The exchange also took a new Proof of Reserves snapshot on October 31, 2026, to provide an updated view of its on-chain holdings and demonstrate coverage of customer assets.
🚨 What Happened? Understanding the Security Measures
According to the reports, the incident involved a compromised DevOps laptop, prompting Binance to strengthen its security controls and replace affected wallet infrastructure. The reported measures included revoking access associated with compromised addresses and transitioning to new wallet addresses.
💰 Asset Recovery and Reserve Coverage
Binance reportedly used several funding sources to support its recovery efforts, including corporate treasury reserves, a portion of its Secure Asset Fund for Users (SAFU), and excess funds from its Futures Insurance Fund.
The recovery update stated that approximately 95% of the affected assets had been replenished.
The report also indicated that major cryptocurrencies—including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, Solana (SOL), USD Coin (USDC), XRP, USD1, RLUSD, and Zcash (ZEC)—were fully backed. The remaining shortfall reportedly involved less-liquid altcoins that Binance was working to replenish through over-the-counter (OTC) transactions and market purchases.
These figures should be checked against Binance's latest official announcements before being treated as confirmed.
🔍 How to Check Binance's Updated Proof of Reserves
Users can consult Binance's official Proof of Reserves page to review the latest available reserve information and supporting documentation.
1. Check the Official Proof of Reserves Page
Visit the official Binance PoR portal:
Binance Proof of Reserves
Use this page to review the reserve information Binance publishes. Check the snapshot date and the details provided for the relevant assets.
2. Review the Zero-Knowledge Verification Process
Binance reportedly indicated that generating updated zero-knowledge (ZK) cryptographic proofs could take approximately 40–50 hours because of the computational requirements.
Once the updated verification materials are available, eligible users should be able to use the published tools to check whether their account balances are included in the reserve verification process.
The reported target date was November 3, 2026. Check Binance's official announcements for the actual publication status and any updated timeline.
3. Monitor Withdrawal Availability
The reports also described a phased restoration of cryptocurrency withdrawals. Bitcoin withdrawals and certain services involving Ethereum-related assets and BNB Smart Chain were reported to be returning in stages.
Because network availability can change, users should check the official Binance announcements and withdrawal page before initiating a transaction.
🛡️ What This Means for Binance Users
Updated wallet addresses and a new Proof of Reserves snapshot can help users assess an exchange's reported holdings, but they do not independently establish that every asset is fully backed or that all security risks have been resolved.
Before making any decisions, users should:
Check Binance's official announcements for verified incident updates.
Review the latest Proof of Reserves snapshot and its reporting date.
Understand the difference between exchange reserves and proof that an individual account balance is included.
Confirm that withdrawals are available for the specific asset and network they intend to use.
Avoid transferring funds to wallet addresses shared through unverified social media posts or private messages.
📌 Final Takeaway
Binance's reported Proof of Reserves address changes and updated snapshot are important developments to monitor following the alleged security incident. However, users should rely on current official disclosures and verifiable on-chain information rather than unconfirmed claims.
The key takeaway: Check the latest reserve data, confirm withdrawal availability, and verify all wallet addresses through official channels before taking action.