Binance has announced the launch of its latest Proof-of-Reserve (PoR) zero-knowledge proof (ZKProof), allowing users to verify that their asset balances on Binance are backed by at least 1:1 reserves. This follows Binance's announcement on November 4th of the 7th recovery update from the security incident, stating that 98% of the stolen assets have been covered and releasing an expanded PoR snapshot. Binance also stated that it will bear the loss of stolen funds, not the users, and that it has reserved over 100% of the required amount of funds.