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At a glance
- What changed
- Binance says the zero-knowledge proof for its 12 November Proof of Reserves snapshot is generated, so users can check their own 1:1 backing.
- Who it affects
- Binance users, in particular those holding tokens affected by the 29 October 2026 security incident.
- When
- Posted on X at 10:55 UTC on 14 November 2026 (11:55 in Amsterdam); the snapshot itself was taken at 00:00 UTC on 12 November.
Add Exchange.news as a preferred source on Google
The proof is ready
Binance posted on its official X account at 10:55 UTC on Saturday 14 November 2026 (11:55 in Amsterdam) that “the zero-knowledge proof is now generated” and that “users can independently verify that their assets on Binance are backed at a minimum of 1:1.” The post quotes Binance’s 12 November update, in which the exchange said it had completed coverage of the assets impacted in the security incident and published a new Proof of Reserves snapshot.
In the announcement that accompanied that update, Binance said the new snapshot was taken at 00:00 UTC on 12 November 2026 and covers 198 tokens, and that generating the full zero-knowledge proof would take approximately 40 to 50 hours because of the computational workload. Today’s post is the follow-through on that estimate.
What sits behind the snapshot
According to the same announcement, Binance committed more than $6.34 billion in company funds to cover the losses from the incident and sourced affected tokens through market and OTC channels. It says this was funded through a partial deployment of its Secure Asset Fund for Users (SAFU), a portion of its Futures insurance fund and its own corporate treasury, and that it has committed to replenishing SAFU to approximately US$1 billion.
The 198-token snapshot is far broader than the earlier incident snapshots Exchange.news covered, which listed 10 tokens on 31 October and 44 tokens on 4 November. Binance says it continues to reopen withdrawals in phases; separately, it said on 14 November that it aims to reopen all remaining networks and assets by the end of next week.
How to check
Binance points users to its Proof of Reserves page at binance.com/en/proof-of-reserves. Use only the official Binance app or website to verify your balance, and do not follow links, wallet addresses or “support” offers that appear in replies or private messages.
Our take
This is the independent check that matters after Binance said it had completed coverage of the incident losses. If you hold any of the covered tokens, run the verification on Binance’s own Proof of Reserves page rather than relying on the headline claim, and remember that Binance does not contact users first about recovered funds.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Binance takes a new 198-token Proof of Reserves snapshotDate passed
- Binance says the zero-knowledge proof is generatedToday (UTC)
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