UNCHAINED · 2026-11-13 12:02 UTC

Binance's Reserve Page Shows 1.06 Billion More USDT Than Customer Balances After Hack Refill

Binance said on Nov. 12 it has finished covering all assets impacted by its Oct. 29 hack and published a new Proof of Reserves snapshot. Customers cannot yet verify this themselves; Binance says users will be able to confirm backing at a minimum of 1:1 once the zero-knowledge proof is generated. The reserve page shows a 100.05% ratio for bitcoin, 100.02% for ether and 104.34% for USDT, with USDT onchain holdings about 1.06 billion tokens above net customer balances.

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