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Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack

Binance users can now independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and more as it replenishes 95% of assets lost in record hack.

By DeFi Tools Guide Editorial Team · Published Nov 2, 2026, 4:50 PM UTC · Updated 2026-11-02 · Risk level: medium
Sources checked: Nov 2, 2026, 4:59 PM UTC

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What happened

Binance has completed a new zero-knowledge proof-of-reserves snapshot that lets holders independently verify that their balances are backed 1:1, and it has published a specific timeline for finishing recovery from last week’s record breach.

Reported details

  • The snapshot covers BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC, each of which users can now check for 1:1 backing on their own.
  • The exchange said it has replenished about 95% of the assets affected by the hack with its own funds, and is still working to acquire the remaining 5%, which sits in less-liquid tokens.
  • Binance plans another reserves snapshot on Wednesday and expects to begin progressively restoring withdrawals for additional networks and assets on Tuesday.
  • Co-founder and co-CEO Yi He said generating the zero-knowledge proof takes roughly 40 to 50 hours after a snapshot is complete, depending on the number of tokens.
  • The breach is the largest known crypto exploit on record: onchain investigators say North Korean attackers exploited Binance’s internal systems and wallet-signing mechanisms to move more than $6 billion across multiple blockchains, with about $242 million of the proceeds reported as laundered on Tron.
  • Binance’s 24-hour net outflows had fallen to about $3.29 billion, down more than half from an earlier peak near $7 billion, while DeFiLlama estimates the exchange holds roughly $127.78 billion across its linked wallets.

Why this matters

This is the first time during an active recovery that Binance has let users independently verify backing across ten assets at once, and it arrives alongside the concrete claim that 95% of the stolen value has already been restored. A checkable number paired with a dated plan to reopen withdrawals is exactly the evidence a user considering a deposit after a $6 billion exploit should be looking for, and it is what separates this snapshot from a routine proof of reserves.

Evidence boundary

The 1:1 figure is only as strong as the zero-knowledge proof behind it, and Binance has said that proof takes 40 to 50 hours to generate, so what users are checking now reflects the snapshot moment, not a live balance. The 95% replenishment is Binance’s own number; the $6 billion loss estimate, the Tron laundering and the outflow figures come from onchain investigators and DeFiLlama rather than from the exchange.

What to verify

Open the verification page and confirm the zero-knowledge proof for this snapshot actually covers all ten named assets, then re-run the check after Wednesday’s next snapshot once its proof has finished generating. Separately, trace the reported $242 million Tron flow against the flagged North Korean wallet clusters to confirm the laundering path.

Sources and editorial check time

This information is educational and is not financial, legal, or tax advice.

Sources