Richard Teng: Binance now 98% replenished after security incident, latest proof of reserves completed

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Richard Teng: Binance now 98% replenished after security incident, latest proof of reserves completed — Binance 98% replenished after incident

Binance has now replenished 98% of assets following a security incident that occurred on 29 October and has completed its latest Proof of Reserves. Richard Teng, CEO of Binance, emphasized during a CNBC interview that verification, rather than promises, distinguishes the exchange's approach to user protection.

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Binance recently recorded $163 million in net equity inflows, the highest since July, according to company data. CEO Richard Teng has noted ongoing growth and user interest in Binance’s platform. He has also highlighted the importance of integrating digital assets with traditional finance products in a previous statement.

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