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Binance Aims to Restart Withdrawals Sunday, Publish Proof of Reserves by Monday

Binance co-CEO Teng said the exchange plans to restart withdrawals on Sunday following a hack and has reserved more than $6.34 billion in company funds. A full Proof of Reserves report is scheduled for publication by Monday.

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AI take

The headline number is the reserve figure, but the more consequential detail is the commitment to a full Proof of Reserves report by Monday. Reserves and attestations are only as useful as their disclosure method, so how the report is structured — and whether it is independently verifiable rather than self-reported — will shape how much reassurance it actually provides. The withdrawal restart is the near-term test: a functioning queue is the clearest signal of operational recovery, and whether the exchange reopens smoothly is the open question.

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