Binance has released an additional proof-of-reserves snapshot dated November 12, following a reported cryptocurrency hack involving approximately $6.34 billion in assets, according to a report by CoinoMedia. The update shows user Bitcoin holdings at roughly 687,900 BTC and Ethereum holdings at approximately 3.48 million ETH. Binance says it has fully replenished the affected assets, although Tether (USDT) holdings declined by approximately 928 million tokens.

Unlike the exchange's regular monthly reports, this snapshot was conducted after the October 29 security incident and provides revised figures for user holdings of Bitcoin, Ethereum, Tether and BNB. The company said the update is intended to give users additional information about asset balances following the incident. Because the snapshot falls outside the regular monthly cadence, it gives users a post-incident data point without waiting for the next scheduled report. However, the company's replenishment statement should be distinguished from an independent verification of its overall financial position. Proof-of-reserves reports, which are periodic disclosures intended to show that an exchange holds customer assets at a given point in time, can provide useful information about holdings, but their scope and methodology are important factors when evaluating the results.

Reserve Figures Show Mixed Asset Changes

The latest figures show increases in several major cryptocurrency holdings between November 4 and November 12, a window of roughly one week that falls entirely after the incident. Bitcoin holdings rose by approximately 2,388 BTC, a 0.35% increase that brought the reported total to 687,900 BTC. Ethereum holdings climbed 1.04% to approximately 3.48 million ETH, while BNB balances increased 1.03% to 42.95 million tokens.

USDT holdings moved in the opposite direction, falling by approximately 928 million tokens to 24.3 billion USDT. These changes indicate that customer asset balances moved in different directions during the reporting period. The figures represent point-in-time snapshots rather than continuously updated balances. A decline in USDT holdings does not automatically signal a reserve shortfall, since balances can shift through customer deposits, withdrawals and trading activity.

Wu Blockchain, a cryptocurrency industry news account on X, noted the update on November 13:

Binance Publishes New Reserve Snapshot After Replenishing $6.34 Billion in Stolen Assets

Binance released a new proof-of-reserves snapshot dated November 12, showing user BTC holdings rose 0.35% from November 4 to approximately 687,900 BTC, up 2,388 BTC. ETH holdings increased… pic.twitter.com/qCLk3zmFdR

— Wu Blockchain (@WuBlockchain) November 13, 2026

What the Update Means for Binance Users

The additional snapshot comes as users assess the exchange's response to the reported security breach. Publishing updated balances may help provide transparency about the assets recorded in the exchange's reserve system. Nevertheless, proof of reserves should not be confused with a complete financial audit, which is typically conducted by an independent third party and examines a broader set of financial information. A comprehensive assessment also takes into account customer liabilities, asset ownership, liquidity and other financial obligations.

Binance's claim that the affected assets were fully replenished is an important part of its response, but the supplied figures alone do not independently establish that conclusion. Users may therefore watch for further disclosures about the incident and subsequent reserve reviews, including how the exchange's next regularly scheduled monthly report reflects the post-incident period.

For now, Binance's November 12 snapshot shows higher reported BTC, ETH and BNB holdings alongside a decline in USDT balances, following the exchange's statement that it replenished the affected assets.