Feld Thoughts · 1 November 2026 · Additional Read

Binance Update: Waiting on a Zero-Knowledge Proof

Brad Feld

Following a $6.3B Binance hack attributed to North Korea, the exchange is processing $3.6B in withdrawals (a modest 2.1% outflow), has covered 95% of stolen funds, and promised a zero-knowledge proof of reserves by Tuesday to let customers verify their balances without exposing others' data.

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Topics: Crypto & Web3 · Banking & Capital Markets

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