Binance published a reserve snapshot covering 198 tokens after committing more than $6.34 billion to cover assets affected by its Oct. 29 security incident, with customer verification tied to a separate proof.
The exchange said Thursday its snapshot was recorded at 7 p.m. ET Nov. 11 (00:00 UTC Nov. 12). Its Proof of Reserves page compares reserve assets with users’ net account balances.
Binance said affected assets had been fully covered and put the funds committed to the response at more than $6.34 billion. It said the replacement tokens were obtained through market purchases and over-the-counter trades.
The funds came from its corporate treasury, Futures insurance fund and Secure Asset Fund for Users (SAFU). Binance said the Futures contribution exceeded its risk-management minimum. It said it would replenish SAFU to about $1 billion.
Binance estimated that producing a full zero-knowledge proof would take 40 to 50 hours. The exchange said holders of affected tokens could use the completed proof to check whether their assets had at least 1:1 backing. It also said it was bringing withdrawal access back in stages.
The update follows Binance’s earlier statement that it had replenished 95% of estimated losses, detailed in an earlier EconoTimes recovery report.
