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Binance's Oct. 30 Snapshot Shows Bitcoin Reserves Down 3.1%

The snapshot also showed lower Ether (ETH), XRP and Tether (USDT) balances. Binance put frozen assets at about $3 billion and pledged to cover losses through its Secure Asset Fund for Users and company reserves.

Mentioned assets
Bitcoin coins rest in a steel tray with several empty wells / TokenPost.ai
Bitcoin coins rest in a steel tray with several empty wells / TokenPost.ai

Binance's Bitcoin (BTC) reserves fell 3.1% to more than 682,000 BTC on Oct. 30, after a security incident involving about $6.3 billion in stolen assets the previous day.

Ether (ETH) reserves declined 8.5% to 3.3 million, XRP reserves fell 8% to 2.47 billion, and Tether (USDT) reserves dropped 6.3% to $34.1 billion.

Outflows in the tracked block range included 18,279 BTC, 185 million XRP and $1.67 billion in USDT. Ether outflows came in two batches: 167,464 ETH and 79,376 ETH, totaling 246,840 ETH.

Binance put frozen assets at about $3 billion, including $1.567 billion in USDT and more than $800 million in USD Coin (USDC). Binance pledged to cover the losses through its Secure Asset Fund for Users (SAFU) and company reserves.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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