Binance completes generation of the October 31 zero-knowledge proof for its proof-of-reserves snapshot; approximately 95%
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AT A GLANCE
Binance stated that the zero-knowledge proof for its proof of reserves has been generated, and approximately 95%of affected assets have been replenished.
Article
Binance:October 31 The zero-knowledge proof for the proof-of-reserves snapshot has been generated, and asset replenishment progress has reached 95%
PANews November 2 According to a Binance announcement, its October 31, 2026 day 00: 00（UTC) Proof of Reserves (PoR) snapshot's zero-knowledge proof (ZK Proof) has been generated. Users holding BTC、ETH、USDT、BNB、SOL、USDC、XRP、USD1、RLUSD and ZEC can use Binance's PoR verification tool to verify whether their balances are supported by at least 1: 1 in reserves. Binance stated that approximately 95%of assets affected by this security incident have been replenished, while the remaining approximately 5%consists of relatively less liquid tokens outside the top tokens and will require more time to acquire in sufficient quantities. Binance plans to conduct November 4 a new snapshot covering more tokens, with the complete zero-knowledge proof expected to take approximately 40 to 50 hours to generate; it also plans to gradually restore withdrawals for more networks and assets tomorrow. Binance reiterated that losses from stolen funds will be borne by Binance rather than...
Key points
01
Binance stated that the October 31, 2026 day 00: 00（UTC) zero-knowledge proof for the proof-of-reserves snapshot has been generated.
02
Users holding BTC、ETH、USDT、BNB、SOL、USDC、XRP、USD1、RLUSD and ZEC can use Binance's PoR verification tool to verify whether their balances are supported by at least 1: 1 in reserves.
03
Binance stated that approximately 95%of assets affected by the security incident have been replenished, while the remaining approximately 5%consists of relatively less liquid tokens outside the top tokens.
04
Binance plans to conduct November 4 a new snapshot covering more tokens, with the complete zero-knowledge proof expected to take approximately 40 to 50 hours to generate.
05
Binance plans to gradually restore withdrawals for more networks and assets tomorrow.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A zero-knowledge proof is a proof that can be used to verify a result without disclosing all underlying data. Here, users can use Binance's PoR tool to verify whether part of their balance has at least 1: 1 in reserve support.
Why it matters to readers
Progress on proof of reserves, asset replenishment, and withdrawal restoration can help monitor the platform's solvency and operational recovery following the security incident.
Beginners should focus on whether reserves can be verified, whether the remaining assets have been fully replenished, and whether withdrawals are restored as planned.
Risks and unknowns
The end of the main evidence text is truncated, making it impossible to confirm the complete statement regarding responsibility for losses from stolen funds.
The evidence does not provide the specific cause of the security incident, a list of affected assets, or the specific names of the remaining approximately 5%assets.
The evidence does not state whether the new snapshot and withdrawal restoration were ultimately completed as planned.
Related Developments
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Related concepts
Proof of Reserves (PoR)
used by trading platforms to prove that they hold sufficient funds and can cover, at a 1:1 ratio, the assets held in custody for users.
