10 Types of Reserve Proofs Completed… Binance Account Balance Verification Available

Binance has completed its fifth proof-of-reserves attestation following a security incident, generating zero-knowledge proofs for 10 major assets based on an October 31 snapshot (9 a.m. KST) that users can verify 1:1 against their account balances by logging in and using the exchange's verification tool. The covered assets are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, Solana (SOL), USD Coin (USDC), XRP, USD1, RLUSD, and Zcash (ZEC). The announcement, made in the exchange's security incident recovery notice No. 5 on the 2nd, matters because it lets customers independently confirm their holdings were fully backed at the snapshot date rather than relying on exchange assurances. The verification follows a security breach that Binance has been addressing through a series of recovery updates, though the article does not disclose the incident's size or affected assets. What to watch next: whether Binance publishes further attestations covering additional assets, updates to its security incident recovery notices, and any user-reported discrepancies from the verification process.