Binance completes proof of reserves for 10 major cryptocurrencies after $6.3 billion hack

Binance has completed a comprehensive zero-knowledge proof-of-reserves verification for ten leading cryptocurrencies in response to the $6.3 billion security breach that recently impacted the exchange. This process enables customers to independently confirm that their holdings in Bitcoin , Ethereum , USDT, BNB, Solana , USDC, XRP, USD1, RLUSD, and Zcash are fully backed by Binance’s reserves. The verification is based on a reserve snapshot taken at 00:00 UTC on October 31, shortly after the large-scale theft was discovered.