A post by @WuBlockchain on X.
Binance Fully Replenishes Assets Following $6.3B Hack, Publishes New PoR Snapshot
@WuBlockchain on X
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Binance said it has fully replenished the assets affected by a $6.3 billion security incident and published a new Proof of Reserves snapshot. The exchange said the affected balances are now fully covered, with a zero-knowledge proof to follow once generated, after which users will be able to verify reserves. The disclosure is significant because it puts a concrete figure on one of the largest exchange losses on record and tests confidence in Binance's balance sheet. The next thing to watch is the release of the zero-knowledge proof and whether the new PoR snapshot shows reserves covering liabilities.
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Named in this story
Binance, Wu Blockchain