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Binance News Update | Binance Publishes New Proof of Reserves Snapshot, Full Zero-Knowledge Proof Due Tuesday as Withdrawals Stay on Track for Sunday
Binance took a new Proof of Reserves snapshot on October 31 and published it on its website. A full zero-knowledge proof, letting users verify balances independently, is expected by Tuesday, November 3, after about 40 to 50 hours of computing.
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What happened
Binance took a new Proof of Reserves snapshot on October 31 and published it on its website. A full zero-knowledge proof, letting users verify balances independently, is expected by Tuesday, November 3, after about 40 to 50 hours of computing.
Confirmed
Global impact / market context
The proof lets holders of ten tokens, including BTC and ETH, confirm their assets are backed at least 1:1, which means reserves cover all user balances. Binance also says it will fully cover losses from the security incident, aiming to steady confidence.
Analyst inference
Publishing reserve data after a security incident tests whether customers keep their money on the exchange. If withdrawals stay on track and the proof arrives Tuesday, that supports confidence; delays could push traders to move assets to other venues.
Analyst inference
What to watch
- Binance says the full zero-knowledge proof is expected by Tuesday, November 3, and the generation takes about 40 to 50 hours because of the computing power involved. Confirmed
- Watch whether Binance publishes the complete proof on time and whether users can independently verify 1:1 backing for all ten listed tokens. Proposed
- Track withdrawal activity through Sunday; heavy outflows would signal customers doubt the reserve claims, while normal withdrawals would suggest confidence holds. Analyst inference
Affected assets
- USDT — Tether
- SOL — Solana
- BNB — BNB
- ETH — Ethereum
- XRP — XRP
- USDC — USD Coin
- BTC — Bitcoin