---
title: Binance says it has finished covering the assets hit in the Oct 29 security incident and published a new Proof of Reserves snapshot | ctxsec
url: https://ctxsec.com/items/binance-completes-coverage-of-oct-29-incident-assets-new-proof-of-reserves-nov-12
description: "Binance said on Nov 12 that it has completed coverage of assets impacted in the security incident and published a new Proof of Reserves snapshot; once the zero-knowledge proof is generated, users can independently verify their assets are backed at least 1:1. The FBI has attributed the Oct 29 theft to TraderTraitor (see earlier items)."
status: "official (Binance on X, Nov 12, 2026)"
published: 2026-11-12
---

> Binance said on Nov 12 that it has completed coverage of assets impacted in the security incident and published a new Proof of Reserves snapshot; once the zero-knowledge proof is generated, users can independently verify their assets are backed at least 1:1. The FBI has attributed the Oct 29 theft to TraderTraitor (see earlier items).

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official (Binance on X, Nov 12, 2026)

2026-11-12 3:39 PM ET

### Binance says it has finished covering the assets hit in the Oct 29 security incident and published a new Proof of Reserves snapshot

- **Check:** verify your own balance against the new snapshot once the ZK proof is available, rather than relying on announcements.
- **Still open:** Binance's full root-cause report; laundering of the stolen funds continues to be tracked by Elliptic and others.

Sources: [Binance on X: completed coverage of assets and new Proof of Reserves snapshot (Nov 12, 2026)](https://x.com/binance/status/2120921979226329504)