Faster global financial news!
Binance Releases Latest Proof of Reserves: XRP and RLUSD Reserve Ratios Both Exceed 100%, Customer Funds Remain Fully Backed After $6.3 Billion Hack
Binance has released its latest Proof of Reserves report, covering the period up to October 31, 2026. The report indicates that despite a recent hack, one of the largest in crypto history with losses of approximately $6.3 billion, Binance's customer funds remain fully backed. Specifically, XRP has a coverage ratio of 100.99%, and the Ripple USD (RLUSD) stablecoin has a coverage ratio of 100.83%. The report also confirms full backing for the ten most traded assets, including BTC, ETH, USDT, BNB, and SOL. Binance has utilized over $6.34 billion of its own funds to cover the losses and restore reserves to a 1:1 ratio.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
OMG and RIF Contract Status Analysis: Two Layer Projects Heading in Different Directions
-
2
What is WE Coin? An Analysis of WeBuy Token (WE)'s Use Cases and Trading Platforms
-
3
Bitcoin, Gold, and Stocks: A Comparison of Risks, Returns, and Use Cases
-
4
Is it true that PI is buying Hongqi cars? Pi Network's latest developments and risk warnings
-
5
What is MATE? An Analysis of the Asset, Project Positioning, and Current Status
-
6
Cayman Islands Virtual Asset Trading Platforms: Regulatory Framework and Key Platforms Overview
-
7
What is HKBY coin? Trading Activity and Risk Warning
-
8
Deliq Finance (DLQ) Coin Analysis: Project Status and Market Liquidity
-
9
FNB Protocol (FNB Coin) Value Analysis: Project Status and Investment Considerations
-
10
Can Ethereum still be mined with mining rigs? After the Merge, mining has shifted to staking.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
