A New Check on a Dated Snapshot

Binance said on November 2 that the zero-knowledge proof for its October 31 reserve snapshot had been generated. According to the exchange, holders of ten covered assets can independently check whether their balances are included and backed at least one-to-one. The announcement follows the security incident disclosed at the end of October.

The covered assets include bitcoin, ether, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. Binance says those assets had been replenished from its own funds. Its update separately reports that approximately 95 percent of affected assets had been replenished overall, with less liquid tokens accounting for the remaining portion.

Reserve Evidence Has a Defined Scope

A reserve snapshot describes a particular point in time and a specified set of assets. It is useful to distinguish that evidence from an assurance about every financial obligation or every later transaction. Readers should assess what a verification process includes before treating its result as a broader conclusion about an institution.

Zero-knowledge techniques can allow a statement to be checked without exposing all of the underlying private information. In a customer reserve system, the objective is to give users evidence about inclusion and backing while protecting individual balances. The quality of that evidence still depends on the statement being proved and the data covered by the process.

Recovery and Withdrawals Progress Separately

Binance said a further snapshot was planned for November 4 with expanded token coverage, followed by another proof-generation process. It also described a gradual restoration of additional withdrawal routes. Those are separate operational milestones: publishing reserve evidence does not itself enable every asset and network combination for withdrawal.

For customers, an exchange recovery can involve several distinct questions. Has a balance been restored? Is the corresponding asset available? Is the desired network open? Can a transfer be processed within normal limits? A single headline number cannot answer all of them, which makes clear reporting on each service especially important.

The November 2 announcement adds a verification step to Binance's stated replenishment effort. Further updates will need to show how coverage expands and how the remaining recovery work progresses. The most useful reading keeps the date, supported assets and service availability attached to each claim, so a limited but meaningful check is not mistaken for an unrestricted guarantee.