Binance updates Proof of Reserves addresses, will route all withdrawals through new wallets

The exchange's refreshed wallet list is part of a recovery effort following a hot wallet breach it says drained approximately $6.3 billion Binance has refreshed its Proof of Reserves wallet list. Going forward, every withdrawal on the exchange will be processed from the newly listed addresses. The change is part of a recovery effort following a breach that drained approximately $6.3 billion from Binance’s hot wallets between October 29 and 30, 2026. Binance has labeled the wallet update part of its Recovery Update #3 . It is the latest step in an effort to show customers that the money backing their balances is still there, and that the plumbing moving it has been rebuilt. A Proof of Reserves (PoR) program is an exchange’s way of showing its receipts.

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