Independent DeFi security desk · Status: operationalMethodology & corrections · Submit an incident
DeFi Safety · Fact checked

Binance Expands Proof of Reserves to Cover 44 Tokens

Binance's Proof of Reserves now includes 44 tokens, enhancing user trust in asset backing.

This article may contain affiliate links. Commercial relationships are disclosed in the affiliate policy.

DeFi Safety — illustration keyed to this article's identifier. Source documents are listed under Sources and are not reproduced here.

What happened

Binance’s Proof of Reserves now includes 44 tokens, enhancing user trust in asset backing.

Reported details

  • Binance’s Proof of Reserves now includes 44 tokens, enhancing user trust in asset backing.
  • The exchange says it has replenished about 98% of affected assets, but the new cryptographic proof is unfinished and withdrawals are not fully reopened.

Why this matters

Whether Binance reaches the custody and settlement layer depends on what it actually names. If it points at a custodian, a redemption term or a withdrawal rule, that is the layer where exposure lives, and the name and its timing are the parts worth checking. If it names none of those, this angle simply does not apply here, and reading custody risk into it would be an assumption rather than a finding.

Evidence boundary

On Binance, the scope is limited to what the linked 2 reports state, and where they diverge both positions are recorded without either being picked in advance; the headline figure is what to check first.

What to verify

If Binance names a custodian or a redemption term, check that name and its timing against the operator’s own documentation; if it names neither, there is nothing here to verify on that layer.

Sources and editorial check time

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

Sources