🔍 Proof of Reserves & Stay Safe: What You Need to Know
📊 1. Proof of Reserves: Verify Your Funds
Binance uses Merkle trees so you can independently verify your balance is 100% backed on-chain.
Oct 1 Snapshot: $BTC was at 100.35% and $BNB at 103.88% backing.
Watch Out: Since this was pre-incident, keep a close eye on the next monthly snapshot.
How to check: Go to Wallet ➔ Audit to verify your personal Merkle proof.
🛡️ 2. URGENT: Beware of Scammers
Post-incident scammers are out in full force with fake support DMs and compensation links.
❌ Binance will NEVER DM you first.
❌ Never click external links or fill out "compensation" forms.
✅ Stick strictly to official Binance announcement channels.
Stay vigilant and protect your assets!
#Binance #ProofOfReserves #CryptoSecurity #BTC #BNB
📊 1. Proof of Reserves: Verify Your Funds
Binance uses Merkle trees so you can independently verify your balance is 100% backed on-chain.
Oct 1 Snapshot: $BTC was at 100.35% and $BNB at 103.88% backing.
Watch Out: Since this was pre-incident, keep a close eye on the next monthly snapshot.
How to check: Go to Wallet ➔ Audit to verify your personal Merkle proof.
🛡️ 2. URGENT: Beware of Scammers
Post-incident scammers are out in full force with fake support DMs and compensation links.
❌ Binance will NEVER DM you first.
❌ Never click external links or fill out "compensation" forms.
✅ Stick strictly to official Binance announcement channels.
Stay vigilant and protect your assets!
#Binance #ProofOfReserves #CryptoSecurity #BTC #BNB