Binance SHIB▲$0.00000432 reserves fully cover customer Shiba Inu balances following the October 29 hack, with coverage at 100.04% as of November 12, 2026, at 00:00 UTC. The exchange published an unscheduled proof-of-reserves update after attackers stole $6.34 billion, per U.Today.

For SHIB holders, the headline figure puts Binance’s stated holdings just above what it owes customers. The remaining step is finishing the calculation that will let users verify their own balances against the reserve ledger.

Binance SHIB Reserves Cover Customer Balances

Binance lists customer net balances of 50.67 trillion SHIB against reserves of 50.69 trillion SHIB. That 100.04% ratio leaves a narrow margin above full coverage — enough to satisfy the threshold, not enough to suggest a large buffer.

Of those reserves, 50.68 trillion SHIB sits at Binance’s own addresses. Another 7.46 billion SHIB is held with third-party custodians. Together, those two pools form the stated backing for customer deposits.

Company funds are excluded from the report. The customer reserve ledger is the only measure that matters for this disclosure.

The SHIB Reserve Update Follows a $6.34 Billion Theft

The October 29 attack hit ten blockchains in roughly 20 minutes. Nearly 500 billion SHIB was among the stolen assets, putting the token squarely inside the scope of the post-attack review.

Binance took an additional reserve snapshot at Bitcoin block height 975493 after the breach. The November 12 figures are the later account of SHIB holdings the exchange says back its customers.

The key distinction for holders is simple: the theft happened, and Binance’s latest disclosure says it still holds enough SHIB to cover every customer balance.

Arkham Tracks a Broader Binance SHIB Wallet Total

Arkham Intelligence puts known Binance wallets at 58.82 trillion SHIB — 5.88% of the token’s total supply. That figure is wider than the reserve report because Binance excludes its own funds from the customer-backing disclosure, which is why the two numbers don’t match.

The published 50.69 trillion SHIB is the figure Binance assigns to customer coverage. The Arkham total adds context on the exchange’s overall exposure to the token; the reserve ratio is what answers the question of whether deposits are backed.

Binance’s Customer Balance Check Is the Next Step

At the time of the November 12 snapshot, Binance said its system was still computing the final Merkle Root Hash using zk-SNARKs. Once that process completes, customers can log into their profiles and confirm their balances appear in the ledger.

So right now, aggregate SHIB coverage is published but the individual inclusion check is still pending. That calculation finishing is the next concrete development to watch.

Binance’s stated position is that customer SHIB balances are fully backed after the October attack. The promised balance verification is what turns that claim into something each depositor can confirm for themselves.

FAQ

How much SHIB does Binance report holding with third-party custodians?

Binance lists 7.46 billion SHIB with third-party custodians. It separately assigns 50.68 trillion SHIB to its own addresses in the reserve breakdown.

How much SHIB was reportedly stolen in the Oct. 29 attack?

Nearly 500 billion SHIB was reportedly taken. The token was part of an attack spanning ten blockchains, with total losses put at $6.34 billion.

At which Bitcoin block height was the additional post-attack reserve snapshot taken?

Binance used Bitcoin block height 975493 for the additional post-attack reserve record. The exchange later published customer coverage figures dated November 12 at 00:00 UTC.

Why does Arkham show a larger Binance SHIB wallet balance than the reserve report?

Arkham tracks known Binance wallets, while Binance says its reserve report covers customer deposits and their backing assets, excluding company funds. Arkham’s wallet total is 58.82 trillion SHIB; Binance lists 50.69 trillion SHIB in customer reserves.

How will customers check whether their balances are included once the Merkle Root Hash is complete?

Binance says customers will be able to sign into their profiles and check inclusion in the overall ledger. The system was still calculating the final Merkle Root Hash using zk-SNARKs at the time of the snapshot on November 12.

This article is for information only and is not financial advice.

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