Binance Snapshot Shows User Bitcoin Holdings Up 0.35% Since Nov. 4

Binance's Nov. 12 proof-of-reserves snapshot showed user Bitcoin (BTC) holdings up 0.35% from Nov. 4, as Tether (USDT) balances fell 3.68% in an extra reserve check after the Oct. 29 security incident.

BTC stood at about 687,900, up 2,388 from the previous comparison. Ether (ETH) balances climbed 1.04% to 3.48 million, and BNB balances rose 1.03% to 42.95 million. USDT fell by 928 million to 24.3 billion. The Nov. 4 reserve snapshot put user USDT at 25.227 billion.

Binance said it released the snapshot as an additional check outside its usual monthly schedule after an Oct. 29 hack involving about $6.34 billion in crypto assets. The company said it had fully replenished the affected assets.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].