Binance Says It Covered All Assets Affected by Security Incident

Binance says it has completed full coverage for all assets affected by an earlier security incident and released a new proof-of-reserves snapshot for users to check their holdings. The exchange said users can verify whether their own assets have at least 1:1 reserve backing after a zero-knowledge proof is generated.

The verification process gives each user a way to check the backing of their holdings, while Binance’s coverage statement concerns every asset affected by the incident. A 1:1 reserve level means reserves match the amount of assets being checked; “at least” sets that as the minimum backing threshold.

Binance’s update pairs a completed coverage claim with a user verification step that becomes available after the cryptographic proof is produced. The check depends on that proof-generation step, while the reserve snapshot has already been released. The update describes two stages: publication of the snapshot and user checks after proof generation.