Safety

Binance Publishes New Proof-of-Reserves Snapshot After October Attack

November 3, 2026, 6:00 PM UTC (4 hours ago) · 1 source · Summarized by CryptoBipto

Binance has released a new proof-of-reserves snapshot in the wake of an attack that occurred in October. The publication is intended to demonstrate that the exchange still holds sufficient assets to cover user deposits. Details about the scope of the October attack and its impact on reserves remain key points of interest.

WHY IT MATTERS

When you deposit money at a bank, regulations require the bank to keep enough reserves to pay customers back.

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SOURCES

newsbtc.com

Proof of ReservesExchange SecurityBinanceCrypto Custody

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