Safety

Binance Expands Proof of Reserves System to Cover 44 Tokens After Hack

November 4, 2026, 3:38 PM UTC (1 hour ago) · 1 source · Summarized by CryptoBipto

Binance has expanded its Proof of Reserves reporting to cover 44 tokens, reportedly in response to a hack incident. The move is intended to increase transparency about the exchange's holdings and reassure users about the safety of their funds.

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When you deposit cryptocurrency on an exchange like Binance, you are trusting that exchange to hold your funds safely — similar to depositing money in a bank.

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SOURCES

thedefiant.io

Proof of ReservesExchange TransparencyCrypto HacksBinance

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