Binance says it has covered all assets affected by a previous security incident and released a new proof-of-reserves snapshot. Users can verify for themselves that their assets are backed at least 1:1 once the zero-knowledge proof is generated.
The story so far: South Korea FSC response to Binance hack
After the $6.3bn Binance hack, South Korea's FSC met crypto exchanges and weighed higher cold-wallet holdings. The FSC now plans a no-action letter letting exchanges suspend deposits and withdrawals on suspected hacks, plus round-the-clock monitoring and stronger insurance and reserves. Binance says it has reopened…
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Binance publishes new proof-of-reserves snapshot after incident
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