I've been waiting for this one — the check users can run themselves is now live.
Binance says it has finished the zero-knowledge proof for its October 31 reserves snapshot, covering BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. Holders can use Binance's open-source verifier to confirm their balance was included and backed at least 1:1. The proof landed ahead of the November 3 date Binance had flagged; a broader snapshot is planned for November 4.
What this does not prove matters too: a snapshot is one moment, October 31. It says nothing about funds moved since, or tokens outside those ten. Binance still puts replenishment at about 95%, with the remaining 5% in less liquid tokens being sourced.
On Binance spot, $BTC sits near $77,978 (-0.06% in 24h) and $ETH near $2,293 (+1.03%) — a quiet tape.
If you hold any of the ten, will you run the verifier yourself, or take Binance's word for it?
Not financial advice. DYOR.
$BTC $ETH #CryptoNews #Binance #ProofOfReserves #CryptoSecurity
Binance says it has finished the zero-knowledge proof for its October 31 reserves snapshot, covering BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. Holders can use Binance's open-source verifier to confirm their balance was included and backed at least 1:1. The proof landed ahead of the November 3 date Binance had flagged; a broader snapshot is planned for November 4.
What this does not prove matters too: a snapshot is one moment, October 31. It says nothing about funds moved since, or tokens outside those ten. Binance still puts replenishment at about 95%, with the remaining 5% in less liquid tokens being sourced.
On Binance spot, $BTC sits near $77,978 (-0.06% in 24h) and $ETH near $2,293 (+1.03%) — a quiet tape.
If you hold any of the ten, will you run the verifier yourself, or take Binance's word for it?
Not financial advice. DYOR.
$BTC $ETH #CryptoNews #Binance #ProofOfReserves #CryptoSecurity