ethereum ·
Binance USDT reserves drop 7.95% as report narrows to 10 assets
Binance has reported a 7.95% decline in user USDT holdings in its October 31 proof-of-reserves snapshot, as the cryptocurrency exchange continues restoring services following its $6.3 billion security breach.
According to Binance's proof-of-reserves page, USDT balances fell by 2,544,682,319 tokens to 29,483,062,742 USDT. Ethereum and BNB holdings declined during the same reporting period, while Bitcoin balances recorded a modest increase. The report was captured on October 31, before Binance began reopening withdrawals on November 1.
Its publication follows concerns over the exchange's asset coverage and the movement of customer funds. The latest snapshot shows Binance's reported Bitcoin holdings increased by 3,614 BTC, or 0.52%, reaching 692,187 BTC. Ethereum balances moved in the opposite direction, falling by 144,217 ETH, or 3.80%, to 3,654,919 ETH.
