Binance’s Reserve Page Shows 1.06 Billion More USDT Than Customer Balances After Hack Refill

Binance said on Nov. 12 it has finished covering all assets hit in its Oct. 29 hack , though customers can’t yet check that for themselves. “Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot,” the exchange wrote on X . Binance’s Yi He reposted the statement with a one-word caption: “100%.” Customers can’t verify that claim on their own yet. Binance said that “once the zero-knowledge proof is generated,” users will be able to confirm their assets are backed “at a minimum of 1:1.” A zero-knowledge proof is a cryptographic check that would let each customer confirm their balance is counted in the reserve total without revealing anyone else’s data.

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