Key facts: CRYPTO:BNBUSD Drops 10%; Backed ≥1:1; ZK Proof Nov 3
BNBUSD fell about 10% after the Binance attack, dragging broader crypto markets lower as investigations and reporting on the security breach continued.BNBUSD balances fully backed after Binance said it restored about 90–95% of assets post‑hack. Remaining shortfall is in less‑liquid tokens; firm used SAFU, reserves and ongoing buys.Binance snapshot (00:00 UTC Oct 31) shows BNB included among tokens backed ≥1:1. BNBUSD spot CFD balances will be eligible for independent 1:1 proof when Binance releases the full zk-proof by Nov 3.Oct 31, 2026 Proof of Reserves shows major assets ≥100% (BTC 100.35%, ETH 100%, USDT 103.88% as of Oct 1) and a zk‑SNARK/Merkle verification due Nov 3 enabling 1:1 backing checks for BNBUSD.Binance says BNBUSD spot CFDs are fully backed 100%; replenishment funded by corporate treasury and part of futures insurance fund.BNBUSD traders alerted: exchange warned of withdrawal processing delays due to high load; advised retrying failed transfers later. Deposits remained processed during the withdrawal suspension period.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.