Binance announces completion of asset replenishment affected by the incident… releases PoR snapshot of 198 types
Original headline바이낸스, 사고 영향 자산 보충 완료 발표…PoR 스냅샷 198종 공개
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Binance said it has fully replenished the assets affected by a security incident and published a new proof-of-reserves snapshot covering 198 tokens as of 9 a.m. KST on the 12th. The exchange expects full zero-knowledge proofs to take roughly 40–50 hours to generate due to computational load, after which holders can verify their balances are backed at least 1:1. Binance said it deployed more than $6.34 billion to cover losses, drawn from part of its Secure Asset Fund for Users (SAFU), part of its futures insurance fund, and company funds. The disclosure matters because it gives users a direct way to confirm reserves after the incident, and the completed proofs will be the next checkpoint to watch.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, Proof of Reserves, SAFU