Binance completes zero-knowledge proof for October 31 reserves snapshot

The exchange says users can now cryptographically verify that ten tokens are backed at least 1:1, days after a $6.3 billion hot wallet drain Binance says it has finished a zero-knowledge proof for its Proof of Reserves snapshot taken on October 31. The exchange says this lets users check for themselves that their balances are backed at least 1:1. The timing is hard to miss. The announcement came on November 2, 2026, just days after approximately $6.3 billion was drained from Binance’s hot wallets. The proof covers a snapshot taken at 00:00 UTC on October 31, 2026.