Binance: Approximately 98% of Affected Assets Reimbursed; New Reserve Snapshot Covers 44 Tokens

TechFlow news, November 4: According to Binance's official announcement, the platform has reimbursed approximately 98% of the assets affected by this security incident and continues to purchase the remaining tokens through market and OTC channels. Due to the lower liquidity of the remaining tokens, the pace of reimbursing the remaining 2% is expected to be slower.

Binance stated that a new proof-of-reserves snapshot was completed at 08:00 on November 4 (Beijing Time), increasing the number of covered tokens from 10 to 44. The full zero-knowledge proof is expected to take approximately 50 to 60 hours to generate. At that time, users holding tokens covered by the snapshot can independently verify whether their balances are backed at least 1:1.

Source: TechFlow