🚨 $BTC WITHDRAWALS ARE BACK ON 15 NETWORKS — BUT "FUNDS ARE SAFE" IS A CLAIM, NOT A PROOF 👀
Binance reopened phase-one withdrawals today across 15 networks, after the 6.3 billion USD breach on 29-30 Oct. About 95 percent of the affected amount is now covered, and the exchange says it will absorb the loss itself.
Here is what the data shows:
📊 The 31 Oct reserves snapshot shows $BTC backed at 100.04 percent and $BNB at 101.30 percent — above 100, but a snapshot is one moment in time.
💧 Withdrawals are actually moving again for $BTC, $ETH, SOL, DOGE and more — the first real-world test of the recovery.
⚠️ The independent check has NOT landed yet: the zk-SNARKs proof that lets users verify their own balances is due 3 Nov.
The lesson: a claim plus a snapshot is not verification. Withdrawals moving plus independent proof is.
Which of the three checks do you run first when an exchange says "funds are safe"? 👇
Not financial advice — educational purposes only.
#BinanceUpdatesProofofReservesAddresses #Bitcoin #crypto #TradingTips
Binance reopened phase-one withdrawals today across 15 networks, after the 6.3 billion USD breach on 29-30 Oct. About 95 percent of the affected amount is now covered, and the exchange says it will absorb the loss itself.
Here is what the data shows:
📊 The 31 Oct reserves snapshot shows $BTC backed at 100.04 percent and $BNB at 101.30 percent — above 100, but a snapshot is one moment in time.
💧 Withdrawals are actually moving again for $BTC, $ETH, SOL, DOGE and more — the first real-world test of the recovery.
⚠️ The independent check has NOT landed yet: the zk-SNARKs proof that lets users verify their own balances is due 3 Nov.
The lesson: a claim plus a snapshot is not verification. Withdrawals moving plus independent proof is.
Which of the three checks do you run first when an exchange says "funds are safe"? 👇
Not financial advice — educational purposes only.
#BinanceUpdatesProofofReservesAddresses #Bitcoin #crypto #TradingTips
