A post by @BinanceHelpDesk on X.
@FennecBTC @cz_binance Hi, all BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC balances ar…
@BinanceHelpDesk on X
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Binance's official customer support account (@BinanceHelpDesk) publicly confirmed that all BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC balances on the exchange are fully backed 100%, directing users to its proof-of-reserves (PoR) snapshot website for verification. The statement, issued in response to a user query tagging CEO Changpeng Zhao (cz_binance), comes amid ongoing industry scrutiny of exchange solvency practices following past exchange collapses. The assurance covers both major crypto assets and stablecoins, including Binance-issued USD1 and Ripple's RLUSD, signaling an effort to reinforce user confidence in the platform's reserve transparency. Market participants should monitor whether Binance publishes updated PoR snapshots and whether third-party auditors validate the reported 100% backing of listed assets.
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