Binance: Proof-of-Reserves Snapshot for October 31 Now Available for User Verification

Binance announced on November 2 that the full zero-knowledge proof for its October 31 proof-of-reserves (PoR) snapshot is complete, allowing users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC to independently verify their balances are backed at least 1:1. The exchange plans another snapshot on November 4 covering more tokens, with the full zero-knowledge proof generation expected to take roughly 40-50 hours. Binance said it has replenished about 95% of affected assets, with the remaining ~5% consisting of lower-liquidity tokens still being procured. The exchange also intends to progressively restore withdrawals for more networks and assets starting tomorrow, with details to be announced. The completion of the zk-proof verification marks a key transparency milestone following recent reserve concerns, and investors should watch the November 4 snapshot's token coverage and the pace of withdrawal restorations as indicators of full operational recovery.