Binance Finishes Covering Assets From $6.3B Security Incident, Targets 1 to 1 Reserves

Binance has finished covering assets from a security incident that drained roughly $6.3B and is targeting at least 1 to 1 verifiable reserve backing. The exchange replenished most impacted assets from its own resources, expanded reserve snapshots to more tokens and published a new Proof of Reserves snapshot. Independent user verification of 1 to 1 balances will go live once the corresponding zero knowledge proof is generated.