Binance says it has fully covered assets lost in its October hack, but users cannot yet verify this
HACKBinancecoinbrief/daily · 1 source
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What happened
Binance said on 12 November that it had completed coverage of assets affected by its 29 October hack and published a new Proof of Reserves snapshot. Its reserve page shows a 104.34% ratio for USDT, with the onchain wallet holding about 1.06 billion more USDT than customer balances, though users cannot yet verify this through the zero-knowledge proof.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch for Binance to publish the zero-knowledge proof, since users cannot yet verify their balances independently.
- Check whether any holdings you have on Binance are affected, based on Binance's published snapshots.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
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