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Proof of reserves verification offers users independent asset checks, Richard Teng says

Proof of reserves verification offers users independent asset checks, Richard Teng says
Binance completes proof of reserves check

Binance has completed its latest proof of reserves verification, providing users an additional way to independently confirm that their assets are backed.

Richard Teng, CEO of Binance, thanked users for their patience and support as the platform continues to work through its recovery process, noting that work remains ongoing.

Earlier this month, Binance recorded $163 million in net equity inflows, the highest since July, according to company figures. CEO Richard Teng previously emphasized growth metrics and urged users to remain cautious. In a separate statement, Teng outlined the importance of seamless integration between digital assets and traditional finance products for users on the platform (full comments).

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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