Binance says it has fully covered every asset hit in the October 29, 2026 security incident, and it backed that milestone with its widest reserve snapshot yet.
In a November 12, 2026 announcement, Binance said it committed more than $6.34 billion in company funds, buying affected tokens through market and OTC channels with support from part of SAFU, futures insurance funds above required levels and its corporate treasury. Coverage had stood at about 98% on November 4. Binance also pledged to restore SAFU to roughly $1 billion.
A new Proof of Reserves snapshot taken at 00:00 UTC on November 12 covers 198 tokens, up from 44 in the November 4 round. Once the zero-knowledge proof finishes in about 40 to 50 hours, holders can check minimum 1:1 backing themselves. Withdrawals keep reopening in phases. $BNB
#Binance #ProofOfReserves #SAFU
DYOR. Not financial advice.
In a November 12, 2026 announcement, Binance said it committed more than $6.34 billion in company funds, buying affected tokens through market and OTC channels with support from part of SAFU, futures insurance funds above required levels and its corporate treasury. Coverage had stood at about 98% on November 4. Binance also pledged to restore SAFU to roughly $1 billion.
A new Proof of Reserves snapshot taken at 00:00 UTC on November 12 covers 198 tokens, up from 44 in the November 4 round. Once the zero-knowledge proof finishes in about 40 to 50 hours, holders can check minimum 1:1 backing themselves. Withdrawals keep reopening in phases. $BNB
#Binance #ProofOfReserves #SAFU
DYOR. Not financial advice.
