$6.34 Billion Buffer: Binance Promises a Full Proof of Reserves by Monday

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Binance says it will present a full proof of reserves by Monday and has set aside more than $6.34 billion for it. What a proof of reserves proves, what it leaves open and how you find your own balance in it.Add as a preferred source on GoogleFollow on Google NewsBinance intends to publish a full proof of reserves by Monday. Co-CEO Richard Teng said so on October 30, 2026, two days after the largest theft the crypto market has seen so far. A first snapshot of the reserves is due before the full report. In parallel, the exchange says it has set aside more than $6.34 billion of corporate funds to cover the damage. For you as a customer, this attestation is the first point at which a pledge can be recalculated instead of simply believed. A proof of reserves is not a seal of quality and not a guarantee. It is a set of figures tied to a cut-off date, and what it can tell you is clearly bounded. This article explains what Monday's report can show, what it structurally does not show, an...