Binance: Completes Proof of Reserves After Incident
Binance CEO Richard Teng stated on CNBC that the exchange has replenished 98% of assets since the 29 October security incident and finished the latest Proof of Reserves verification to provide independent accountability for users.
SourceAnalysis
Binance CEO Richard Teng told CNBC that verification, not promises, separates the exchange after the 29 October incident, with assets now 98% replenished and the latest Proof of Reserves completed.
BNB trades at $697.1 inside the Bollinger Bands on the 4h chart, testing lower support near $691.48 while the EMA50 at $715.37 and EMA200 at $737.31 cap upside as resistance. RSI at 40.77 sits neutral and MACD shows a bullish golden cross at -5.98, yet the bearish trend structure keeps price action contained until a decisive break above the upper band at $717.29 confirms continuation.
Richard Teng
@_RichardTengRichard Teng is Binance CEO