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

According to TechFlow, on November 4, Binance announced that the platform has covered approximately 98% of the affected assets from this security incident and is continuing to purchase the remaining tokens through market and OTC channels. Due to the lower liquidity of the remaining tokens, replenishing the final 2% is expected to proceed at a slower pace.

Binance stated that it completed a new proof of reserves snapshot at 08:00 Beijing Time on November 4, expanding the coverage from 10 tokens to 44. The complete zero-knowledge proof is expected to take approximately 50 to 60 hours to generate, at which point users holding tokens covered by the snapshot can independently verify that their balances are backed at least 1:1.