Binance Official Announcement – November 2.🚨 BREAKING: BINANCE INTRODUCES A NEW TRANSPARENCY UPDATE!
Binance has announced a major update following its recent security incident.
Here is what users should know:
🔹 Binance has generated a Zero-Knowledge Proof for its October 31 Proof of Reserves snapshot.
🔹 Users can now independently verify whether their eligible account assets are backed by reserves at a 1:1 ratio.
🔹 Binance says approximately 95% of the affected assets have been replenished.
🔹 Another Proof of Reserves snapshot is planned for November 4.
💡 WHY DOES THIS MATTER?
Transparency and security are extremely important in the cryptocurrency industry. Independent verification can help users check reserve backing instead of relying only on promises.
👇 LET'S DISCUSS:
Do you think Proof of Reserves should be mandatory for every major crypto exchange?
Share your opinion!
Binance Official Announcement – November 2.
$BTC #Bitcoin #CryptoNews Binance Official Announcement
Binance has announced a major update following its recent security incident.
Here is what users should know:
🔹 Binance has generated a Zero-Knowledge Proof for its October 31 Proof of Reserves snapshot.
🔹 Users can now independently verify whether their eligible account assets are backed by reserves at a 1:1 ratio.
🔹 Binance says approximately 95% of the affected assets have been replenished.
🔹 Another Proof of Reserves snapshot is planned for November 4.
💡 WHY DOES THIS MATTER?
Transparency and security are extremely important in the cryptocurrency industry. Independent verification can help users check reserve backing instead of relying only on promises.
👇 LET'S DISCUSS:
Do you think Proof of Reserves should be mandatory for every major crypto exchange?
Share your opinion!
Binance Official Announcement – November 2.
$BTC #Bitcoin #CryptoNews Binance Official Announcement