The full zero-knowledge proof for the proof-of-reserves snapshot completed by Binance at 08:00 on October 31, 2026 (UTC+8)covering BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC has been generated. Binance users holding any one of these ten tokens can now independently verify whether their Binance account balance is backed by reserves of at least 1:1. We will generate more reserve snapshots on November 04, 2026. Computation is required from the snapshot to the updated full zero-knowledge proof, and the generation time depends on the number of tokens. It is currently estimated that generating the zero-knowledge proof will take about 40 to 50 hours after the snapshot is completed.💁🏻‍♀️

The FBI is releasing information advising the Democratic People's Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange, Binance, on or about October 29, 2026. The FBI refers to this specific North Korean malicious cyber activity as "TraderTraitor." The FBI, together with partners at the USSS and IRS-CI, has observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH). It is expected these assets will then be further laundered by converting them using DeFi and instant swap services as they prepare them for further laundering stages. How You Can Help: FBI, USSS, and IRS-CI are urging private sector entities including THORNode operators, RPC node operators, instant exchanges, DeFi services, blockchain analytics firms, and other virtual asset service providers to block transactions with or derived from addresses TraderTraitor actors are using to launder these stolen assets. A list of addresses associated with this activity is available here:

**Service Update** Deposits remain unaffected and continue to operate as normal. Our team is currently working on enhancements to the withdrawal service and related address controls. We expect to begin resume withdrawal services in the next 48 hours. We will continue to share updates through official Binance channels as progress is made.

Update: The current verified total frozen amount is around $3 billion. Our teams continue to work closely with law enforcement, issuers, blockchain intelligence firms and industry partners to trace and freeze additional assets. We will only share confirmed figures and will provide further updates as more verified information becomes available. User funds are safe.

User funds are SAFU! Yet, this pregnant lady 👇 pulled an all nighter, along side hundreds of Binancians. Many industry friends and even competitors (including some previously-not-so-friendly ones) provided very much needed help. 🙏 It hurts, but we will survive. 💪

User funds are safe. Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.