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 .