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Binance Reserve Ratios Exceed 100% After $6.3 Billion Attack Disclosure

The reserve snapshot update followed disclosure of a vulnerability attack.

By John Kim
Published
Two sealed custody cases sit on a precision balance under warm lights / TokenPost.ai
Two sealed custody cases sit on a precision balance under warm lights / TokenPost.ai

All reported Binance reserve ratios were above 100%. A reserve ratio compares reserve assets with user balances. A reserve snapshot was updated after disclosure of a vulnerability attack valued at $6.3 billion.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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