A positive development for crypto security: Binance has fully recovered the $6.34B in assets stolen in the October 29 hack.
The exchange also released an unscheduled Proof of Reserves snapshot as of November 12, showing growth in user BTC, ETH, and BNB balances since November 4:
BTC: +0.35% to 687,900 BTC
ETH: +1.04% to 3.48M ETH
BNB: +1.03% to 42.95M BNB
USDT: -3.68% to 24.3B USDT
Binance says the additional snapshot allows users to verify that their assets are included in its reserves through a cryptographic process without revealing their account details.
More transparency and stronger security are good news for the entire crypto market.
Looking to swap crypto?
Head to Swapzone to compare offers from 18+ providers and find the option that works best for you: swapzone.io
#Crypto #Binance #Swapzone
The exchange also released an unscheduled Proof of Reserves snapshot as of November 12, showing growth in user BTC, ETH, and BNB balances since November 4:
BTC: +0.35% to 687,900 BTC
ETH: +1.04% to 3.48M ETH
BNB: +1.03% to 42.95M BNB
USDT: -3.68% to 24.3B USDT
Binance says the additional snapshot allows users to verify that their assets are included in its reserves through a cryptographic process without revealing their account details.
More transparency and stronger security are good news for the entire crypto market.
Looking to swap crypto?
Head to Swapzone to compare offers from 18+ providers and find the option that works best for you: swapzone.io
#Crypto #Binance #Swapzone