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Crypto

Binance Covers Approximately 98% of Lost Assets; Expands Proof of Reserves to 44 Tokens

2026/11/06 02:30(Updated 2026/11/05 20:27)

CoinPost

Written by CoinPost Editorial Department

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Binance Covers Approximately 98% of Lost Assets; Expands Proof of Reserves to 44 Tokens

Progress on Compensation and Proof of Reserves

On the 4th (UTC), cryptocurrency exchange Binance released its seventh recovery report, revealing that it had compensated approximately 98% of the amount affected by the outflow incident. The Proof of Reserves (PoR) snapshot taken at 00:00 (UTC) on the same day expanded the scope from the previous 10 tokens to 44 tokens.

According to the company, assets worth approximately $6.3 billion were siphoned from hot wallets. The Singapore-based compliance firm WIDT...

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