Binance reported 24,299,050,229 USDT in user balances, a 3.68% decline from 25.23 billion on November 4. The snapshot, taken at 00:00 UTC, was an additional review outside the exchange’s regular monthly schedule and covered 198 cryptocurrencies, up from 44 in the earlier report.
Bitcoin holdings increased by 2,388 BTC, or 0.35%, to 687,912 BTC. Ethereum balances rose 1.04% to 3,482,001 ETH, an increase of 35,911, while BNB holdings climbed 1.03% to 42,948,718 tokens, up 436,746. The USDT decline was the largest among the four assets compared by Wu Blockchain.
The latest figures follow earlier declines in USDT balances. From October 1 to October 31, they fell 7.95% to about 29.48 billion, according to crypto.news. During that period, Ethereum balances dropped 3.80% to 3.65 million ETH, while Bitcoin holdings rose 0.52% to 692,187 BTC. Reserve snapshots record customer balances at a particular time; deposits, withdrawals and trading can change them.
Binance said on November 13 that it had committed more than $6.34 billion in corporate funds to replace assets affected by the breach, using market purchases and over-the-counter trading. The funding came from its Secure Asset Fund for Users, the portion of its Futures Insurance Fund above required risk-management levels, and its corporate treasury. Binance had reported about 98% replenishment by November 4, with some assets taking longer to replace because of limited market liquidity.
The exchange said producing a complete zero-knowledge proof for the expanded review would take about 40 to 50 hours. Its system uses Merkle trees and zero-knowledge proofs so customers can check whether their balances are included and backed by reserves of at least 1:1.
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