Hacked Binance wallet was a proof-of-reserves address, ETH backing may fall to 94%
- —Binance 14 held 1.26B USDT and 89,475 ETH in the Oct. 1 reserves report
- —About 204,500 ETH stolen, equal to 5.6% of Binance's ETH reserves
- —ETH backing may drop from 100% to ~94%; USDC ratio could fall below 108.26%
- —Binance's next reserves snapshot is due Nov. 1
Why it matters: If reserves are not replenished by Nov. 1, Binance's 1:1 backing claim will be in doubt, undermining confidence in exchange proof-of-reserves more broadly.
Source: ChainCatcher 链捕手