Binance published an additional proof-of-reserves snapshot dated November 12 following the reported $6.34 billion hack. User BTC holdings increased to approximately 687,900 BTC, while ETH hol
Binance has released a new proof-of-reserves snapshot following a reported cryptocurrency hack involving approximately $6.34 billion in assets.
The Binance proof of reserves update, dated November 12, provides revised figures for user holdings of Bitcoin, Ethereum, Tether and BNB.
Unlike the exchange’s regular monthly reports, this additional snapshot was conducted after the October 29 security incident.
Binance said it had fully replenished the affected cryptocurrency assets.
The update is intended to provide users with additional information about asset balances following the incident.
However, the company’s replenishment statement should be distinguished from an independent verification of its overall financial position.
Proof-of-reserves reports can provide useful information about holdings, but their scope and methodology are important when evaluating the results.
The latest Binance proof of reserves figures show increases in several major cryptocurrency holdings between November 4 and November 12.
Asset November 12 holdings Change Bitcoin (BTC) 687,900 BTC +0.35% Ethereum (ETH) 3.48 million ETH +1.04% Tether (USDT) 24.3 billion USDT -3.68% BNB 42.95 million BNB +1.03%Bitcoin holdings increased by approximately 2,388 BTC, bringing the reported total to 687,900 BTC.
Ethereum holdings rose 1.04% to approximately 3.48 million ETH.
BNB balances also increased, climbing 1.03% to 42.95 million tokens.
However, USDT holdings declined by approximately 928 million tokens, reaching 24.3 billion USDT.
These changes show that customer asset balances moved in different directions during the reporting period.
A decline in USDT holdings does not automatically indicate a reserve shortfall, as balances can change through customer deposits, withdrawals and trading activity.
Binance Publishes New Reserve Snapshot After Replenishing $6.34 Billion in Stolen AssetsBinance released a new proof-of-reserves snapshot dated November 12, showing user BTC holdings rose 0.35% from November 4 to approximately 687,900 BTC, up 2,388 BTC. ETH holdings increased… pic.twitter.com/qCLk3zmFdR
— Wu Blockchain (@WuBlockchain) November 13, 2026
The additional Binance proof of reserves snapshot comes as users assess the exchange’s response to the reported security breach.
Publishing updated balances may help provide transparency about the assets recorded in the exchange’s reserve system.
Nevertheless, proof of reserves should not be confused with a complete financial audit.
A comprehensive assessment also considers customer liabilities, asset ownership, liquidity and other financial obligations.
Binance’s claim that the affected assets were fully replenished is an important part of its response, but the supplied figures alone do not independently establish that conclusion.
Users may therefore watch for further disclosures about the incident and subsequent reserve reviews.
For now, Binance’s November 12 snapshot shows higher reported BTC, ETH and BNB holdings alongside a decline in USDT balances, following the exchange’s statement that it replenished the affected assets.
