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Binance completes zero-knowledge proof for independent verification of user asset backing

Binance completes zero-knowledge proof for independent verification of user asset backing
Binance updates proof of reserves

Binance has completed generating a zero-knowledge proof, allowing users to independently verify that assets held on the platform as of November 12, 2026, are backed at a minimum 1:1 ratio. This follows the replenishment of affected tokens after a recent security incident and the publication of an updated Proof of Reserves snapshot covering 198 tokens.

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Binance announced the completion of a zero-knowledge proof, allowing users to independently verify that assets held on the platform as of November 12, 2026, are backed at a minimum 1:1 ratio. This update follows the company’s recent efforts to replenish tokens affected by a security incident, using over US$6.34 billion from various corporate funds, and the publication of an updated Proof of Reserves snapshot covering 198 tokens. The proof leverages cryptographic technologies such as zk-SNARKs and a Merkle-tree structure, aiming to enhance transparency in asset backing. Withdrawals are being reopened in phases, and Binance is also replenishing its Secure Asset Fund for Users (SAFU) to approximately US$1 billion, with further updates regarding the incident’s remaining impacts and unsupported tokens communicated through their website.

Binance is a Hong Kong-based cryptocurrency exchange recognized for its high liquidity, diverse trading options across spot, futures, and options markets, and a range of features such as a multifunctional P2P platform, two-factor authentication, and passive income opportunities like staking and savings. The platform offers a native asset for transactions within its ecosystem and implements security measures, including a Secure Asset Fund for Users (SAFU). For more details, see the broker profile on Traders Union.

For more context, see our earlier news about Binance’s rollout of direct bStocks trading with local fiat currencies and simplified buying options in supported regions in the previous Binance update on Traders Union.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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