Binance USDT reserves drop 7.95% as report narrows to 10 assets

Binance has reported a 7.95% decline in user USDT holdings in its October 31 proof-of-reserves snapshot, as the cryptocurrency exchange continues restoring services following its $6.3 billion security breach. Binance's October 31 proof-of-reserves snapshot shows USDT user holdings fell 7.95% to 29.48 billion tokens. Ethereum holdings declined 3.80%, while Bitcoin balances increased 0.52% to 692,187 BTC. The latest report covers 10 major assets, compared with 55 assets in the October 1 snapshot. Binance reported $3.64 billion in net withdrawals during the first nine and a half hours after reopening.

Source: crypto.news