Binance updates Proof of Reserves addresses, will route all withdrawals through new wallets

The exchange's refreshed wallet list is part of a recovery effort following a hot wallet breach it says drained approximately $6.3 billion Binance has refreshed its Proof of Reserves wallet list. Going forward, every withdrawal on the exchange will be processed from the newly listed addresses. The change is part of a recovery effort following a breach that drained approximately $6.3 billion from Binance’s hot wallets between October 29 and 30, 2026. Binance has labeled the wallet update part of its Recovery Update #3. It is the latest step in an effort to show customers that the money backing their balances is still there, and that the plumbing moving it has been rebuilt. What changed, and what the numbers say A Proof of Reserves (PoR) program is an exchange’s way of showing its receipts. It publishes the wallet addresses holding customer assets so anyone can check the balances on-chain against what users are owed. Binance’s updated PoR page now lets customers download the full address list. A new reserve snapshot was completed on October 31, 2026, at 00:00 UTC. According to Binance’s figures, ten major assets showed reserve backing above 100%. Bitcoin came in at 100.04%. BNB, the ...