EP 48

Binance Verifies Reserves With Zero Knowledge Proof Following Balance Sheet Restitution

With Bina & Nance

In this episode

Binance has released its October 31st Proof-of-Reserves zero-knowledge proof covering ten major assets, confirming 1:1 backing after covering incident losses from its balance sheet. Co-founders CZ and Yi He confirmed 100% of funds are allocated with 95% of lost assets already replenished, while net exchange outflows have dropped over 50%. Meanwhile, Brazil's Mercado Bitcoin suffered a $46 million security breach, and on-chain activity inside Binance Wallet saw strong volume on early launchpad tokens like XFS and GANG.

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