Binance Completes Reserve Proof, Plans a Nov. 4 Snapshot
Photo: TokenPost
Binance has completed a zero-knowledge proof for its Oct. 31 UTC reserve snapshot and plans a broader token snapshot Nov. 4, giving users a way to check its reserves across more assets. About 95% of the affected assets have been replenished, unchanged from Nov. 1. The remaining 5% consists of tokens not among the 10 assets listed as fully reserve-backed. Their lower liquidity has made it take longer to acquire the required amounts, and Binance is working with industry partners on those purchases. The snapshot was taken at 00:00 UTC Oct. 31 (8 p.m. ET Oct.
Source: TokenPost
