Richard Teng · 2026-11-03 17:44 UTC

“The difference is verification, not just promises.” That’s what I told @CNBC today, speaking on the security incident and the steps we’ve taken since 29 October to ensure our users are protected. We’re now 98% replenished. We’ve completed the latest Proof of Reserves verification, giving users another way to independently check that their assets are backed. That’s why we have Proof of Reserves: accountability. While Binance is at the centre of this story, this is an industry-wide problem. We must keep working together to safeguard customers and strengthen our industry.

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