Binance Square

pruebadereservas

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Alexander Guevara
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Holding $BNB 166.4 USDT
Binance holds around $165 billion in customer assets, as of October 1. They were hacked for $5.6 billion; they have recovered $2.4 billion… $3.2 billion remains stolen after the freezes That represents ~2% of everything Binance holds, but that capital belongs to its customers The SAFU fund #Binance � that handles these cases has 15,000 BTC ($~1.2 billion) They are $2 billion short of reimbursing exchange users… people are withdrawing their crypto from there to secure their capital Binance has BNB and other major assets to cover the #Hack , but the price of $BTC is bearing that downward pressure 🤷🏻 #bnb #PruebaDeReservas #BinanceSquareFamily $BNB
Binance holds around $165 billion in customer assets, as of October 1.

They were hacked for $5.6 billion; they have recovered $2.4 billion… $3.2 billion remains stolen after the freezes

That represents ~2% of everything Binance holds, but that capital belongs to its customers

The SAFU fund #Binance � that handles these cases has 15,000 BTC ($~1.2 billion)

They are $2 billion short of reimbursing exchange users… people are withdrawing their crypto from there to secure their capital

Binance has BNB and other major assets to cover the #Hack , but the price of $BTC is bearing that downward pressure 🤷🏻

#bnb #PruebaDeReservas #BinanceSquareFamily $BNB
Alarm in the crypto ecosystem! 🚨 What’s happening with Binance’s funds? Many users have expressed deep concern and criticism following the recent security incident. However, looking at the platform’s actual reserve figures, the loss represents a minimal and insignificant fraction compared with the total volume of Binance’s reserves (where reserve ratios remain solid, between 100% and 106%). What stands out is the swift and flawless response: the platform acted immediately, covering the vast majority of the affected assets, while the rest was backed directly with the company’s own funds, demonstrating solvency and genuine commitment. We must maintain confidence in the platform’s security and agility! 💪💛 #PruebaDeReservas #BinanceSquareFamily #BinanceSquare #Binance #ReserveRights $BNB $XRP $ETH @Binance_News @Binance_Announcement @heyi @CZ @CoinDesk
Alarm in the crypto ecosystem! 🚨 What’s happening with Binance’s funds?

Many users have expressed deep concern and criticism following the recent security incident.

However, looking at the platform’s actual reserve figures, the loss represents a minimal and insignificant fraction compared with the total volume of Binance’s reserves (where reserve ratios remain solid, between 100% and 106%).

What stands out is the swift and flawless response: the platform acted immediately, covering the vast majority of the affected assets, while the rest was backed directly with the company’s own funds, demonstrating solvency and genuine commitment.

We must maintain confidence in the platform’s security and agility! 💪💛

#PruebaDeReservas #BinanceSquareFamily #BinanceSquare #Binance #ReserveRights $BNB $XRP $ETH

@Binance News @Binance Announcement @Yi He @CZ @CoinDesk
Binance News
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Yi He: Binance Has Allocated $6.34 Billion to Cover Users, Ten Major Tokens Are 100% Backed, and Full Proof Is Due Tuesday
Binance co-CEO Yi He said on Saturday, October 31, that the exchange has set aside $6.34 billion of its own corporate funds to cover users affected by its security incident, and that ten major tokens are now fully backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. Binance will keep buying the remaining altcoins through market and over-the-counter channels until every token reaches 100% backing.
Binance completed a new Proof of Reserves snapshot at 00:00 UTC on October 31, now available on its Proof of Reserves website. Because the full zero-knowledge proof needs substantial computing power, it will take about 40 to 50 hours to generate and is expected on Tuesday, November 3 (UTC). Once it is published, holders of any of the ten tokens will be able to verify independently that their assets are backed at least 1:1.
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