Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday

Binance’s tracked assets have fallen by about $16.6 billion since the Oct. 29 hack. Its full zero-knowledge reserve proof, first promised for Monday, is now due Tuesday, Nov. 3. Data from analytics platform Defillama shows the value of Binance’s tracked exchange assets fell from about $144.9 billion on Oct. 29 to roughly $128.31 billion early on Nov. 2. That works out to over $16.5 billion, or nearly 12%. That total doesn’t measure withdrawals alone but also reflects falling crypto prices and the roughly $6.3 billion the attackers took from Binance’s hot wallets. Still, most of the drop came after withdrawals reopened on Nov. 1. A screenshot showed $5.95 billion in net outflows over 24 hours .

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