Binance Reports 98% Asset Replenishment and a Wider Reserve Snapshot
Binance says it has replenished about 98% of the amount affected by its security incident and taken a snapshot covering 44 tokens.
Binance said on November 4 that it had replenished approximately 98% of the amount affected by its recent security incident. It said it would continue buying the remaining assets and that the last 2% could take longer because those tokens are less liquid. These figures come from Binance's announcement.
The exchange also said it took a new proof-of-reserves snapshot on November 4 at 08:00 Hong Kong time, covering 44 tokens instead of the ten in the previous snapshot. Binance estimated that generating the full zero-knowledge proof would take 50 to 60 hours. The proof was not yet complete when the announcement was published.
Binance said it would continue reopening withdrawals in phases. It did not give a timeline for the next phase.
Source: Official exchange announcement
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