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Binance completes proof of reserves after $6.3B hack as withdrawals resume

Published Source: CryptoPolitanRead original

Crypto Insight Summary: Binance has provided new statistics that back its commitment to protecting customers after a hack that cost $6.3 billion. The company conducted a cryptographic verification of its reserves snapshot as of October 31 on Monday. It verified that at least ten major tokens are backed one-to-one. Its 335 million users can verify it for themselves,... Crypto Insight Analysis: Direction: Bearish BNB Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: The $6.3B hack may dent Binance trust and BNB sentiment, though reserve proof and resumed withdrawals limit damage.

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Binance completes proof of reserves after $6.3B hack as withdrawals resume — Crypto Insight