Binance Reveals Final Numbers After $6.34 Billion Hack: 100.04% of Shiba Inu (SHIB) Reserves Confirmed

Binance has published the final results of an unscheduled Proof of Reserves (PoR) report, two weeks after the cryptocurrency exchange lost $6.34 billion in an October hack. According to Binance, the snapshot was taken on Nov. 12 at 00:00 UTC, and it shows that the exchange fully backs the balances of its clients. Shiba Inu (SHIB) is backed at 100.04%, and the other major assets on the exchange are fully covered as well. The latest report comes after the Oct. 29 attack, during which hackers stole funds from Binance across ten blockchains in 20 minutes. Among the stolen funds were nearly 500 billion SHIB. After the attack, the exchange took an additional reserve snapshot at Bitcoin block height 975493.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.