Binance Says Hack Losses Fully Covered, Reserve Proof Pending

The substantive point is the gap between an exchange's assurance and verifiable evidence: full coverage is a claim until the pending snapshot lets users check it themselves. That distinction matters most to Binance account holders, who bear the practical burden of trusting an interim statement. The absence of a publication timeline is the detail worth watching — whether the proof arrives promptly, and whether it reconciles with the coverage claim, is the open question.