Binance just dropped their Recovery Update #3 with full zk-SNARK proof for the October 31 snapshot.
Here's what matters:
95% of affected funds already replaced with Binance's own capital. The remaining 5% are low-liquidity alts still being sourced.
$BTC $ETH $USDT $BNB $SOL $USDC $XRP $USD1 $RLUSD $ZEC all backed 1:1, verifiable on-chain via their PoR tool.
Next snapshot Nov 4 with expanded token coverage. zk proof generation takes 40-50 hours due to computational load.
Withdrawals resuming in phases, next wave drops tomorrow.
The play: Binance eating the hack loss, not users. Full transparency via Merkle tree + zk-SNARK. You can verify your own balance inclusion without exposing anyone else's data.
Code is open-source on GitHub, independently audited. No trust required, just math.
If you're still on CEX, this is how reserve proof should work. Not some PDF with a number on it.
Here's what matters:
95% of affected funds already replaced with Binance's own capital. The remaining 5% are low-liquidity alts still being sourced.
$BTC $ETH $USDT $BNB $SOL $USDC $XRP $USD1 $RLUSD $ZEC all backed 1:1, verifiable on-chain via their PoR tool.
Next snapshot Nov 4 with expanded token coverage. zk proof generation takes 40-50 hours due to computational load.
Withdrawals resuming in phases, next wave drops tomorrow.
The play: Binance eating the hack loss, not users. Full transparency via Merkle tree + zk-SNARK. You can verify your own balance inclusion without exposing anyone else's data.
Code is open-source on GitHub, independently audited. No trust required, just math.
If you're still on CEX, this is how reserve proof should work. Not some PDF with a number on it.