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Binance has published a new zero-knowledge proof for its latest proof-of-reserves, with co-founder Yi He stating that users can now verify their balances are backed at a minimum of 1:1. The ZKProof lets customers check their own accounts against the exchange's reserves without exposing individual balance data. Yi He noted a timing gap between completion of the reserves snapshot and when users can run their own verification, a caveat that matters because reserve attestations reflect balances at a single point rather than in real time. The update extends Binance's periodic PoR disclosures, which are intended to reassure users that customer assets are fully collateralized after the industry's post-FTX push for greater transparency. What to watch next is whether the exchange publishes the underlying snapshot details and how consistently it refreshes the ZK proofs going forward.

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Binance, Yi He, ZKProof