TREE NEWS update: 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.
Binance Aims to Restart Withdrawals Sunday, Publish Proof of Reserves by Monday
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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