Binance releases security incident update:October 31 The complete PoR zero-knowledge proof is now verifiable
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AT A GLANCE
Binance said October 31 the complete zero-knowledge proof corresponding to the Proof of Reserves has been completed, and users of the ten tokens can verify it online.
Article
Binance releases security incident update:October 31 The PoR zero-knowledge proof is now verifiable
BlockBeats reports that November 2, according to the official announcement,Binance releases Security Incident Recovery Update #5, stating that October 31 00: 00（UTC) complete zero-knowledge proof corresponding to the Proof of Reserves (PoR) snapshot was completed as expected. Users holding BTC、ETH、USDT、BNB、SOL、USDC、XRP、USD1、RLUSD、ZEC these ten tokens can now use the verification tool on the PoR website to independently verify whether their account balances have at least 1: 1 in reserves.
Original link https://m.theblockbeats.info/flash/375051
Key points
01
BlockBeats said that Binance released Security Incident Recovery Update #5。
02
Binance said that October 31 00: 00（UTC) the complete zero-knowledge proof corresponding to the Proof of Reserves (PoR) snapshot was completed as expected.
03
Users holding BTC、ETH、USDT、BNB、SOL、USDC、XRP、USD1、RLUSD、ZEC can use the verification tool on the PoR website to independently verify whether their account balances have at least 1: 1 in reserves.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A zero-knowledge proof is a verification method. This update states that the relevant users can use the tool to check whether their account balances have at least equivalent reserve backing, without directly viewing all the information.
Why it matters to readers
Users now have a way to independently verify reserve backing, which helps them understand the progress of the Proof of Reserves following the security incident.
If you hold the tokens listed in the article, you can check the verification tool on the PoR website to find out whether your account balance has at least 1: 1 in reserves.
Risks and unknowns
The current material is BlockBeats' paraphrase of the official announcement and does not provide the original announcement.
The material does not provide verification results from independent institutions or users regarding the validity of the zero-knowledge proof.
The material does not explain the actual results of using the verification tool.
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Related concepts
PoR (Proof of Reserves)
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