The verification covers Bitcoin, Ethereum, Tether, BNB, Solana, USDC, XRP, USD1, RLUSD, and Zcash. By utilizing a Merkle Tree system combined with zk-SNARK technology, the exchange allows users to independently confirm their balances are supported by sufficient reserves without exposing personal account data. Customers can download an open-source tool from the official website to run these checks locally.
While the exchange has successfully replenished 95% of the impacted assets using company resources, corporate treasury funds, and the Secure Asset Fund for Users, the final 5% remains outstanding. Binance attributes the delay to the low market liquidity of the remaining tokens, which complicates rapid acquisition. The company plans to conduct a broader reserve snapshot on November 4, with subsequent proofs expected to follow within 40 to 50 hours.
Withdrawal services, which were temporarily suspended following the hack, have begun a phased restoration. The first group of 15 blockchain networks reopened on November 1, with additional assets scheduled for reactivation starting November 3. Investigations into the breach—which likely stemmed from a compromised engineer's laptop—remain ongoing in coordination with law enforcement and blockchain security firms.
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