Binance Reveals SHIB Reserves After $6.34 Billion Hack

Cryptocurrency exchange Binance has released the results of an unscheduled Proof of Reserves (PoR) audit conducted after a major hack on October 29, 2026. During the incident, attackers stole crypto assets worth approximately $6.34 billion, including nearly 500 billion Shiba Inu (SHIB) tokens. The new snapshot of reserves was taken on November 12 at 00:00 UTC and covered 198 digital assets. According to the published data, the exchange has restored the coverage of client funds affected by the attack.

SHIB Reserves on Binance Reach 100.04%

According to Binance, the total user balance is 50.67 trillion SHIB, while the exchange's reserves account for 50.69 trillion tokens. Of this volume, about 50.68 trillion SHIB are held in Binance's own addresses, with another 7.46 billion stored with third-party custodians. The coverage ratio of client obligations is 100.04%.

Following the hack, Binance also conducted an additional reserve audit at Bitcoin block height 975493. The exchange stated that it used corporate funds, part of the SAFU insurance fund, and funds from the futures platform insurance fund to restore coverage of the affected assets.

Changes in BTC, ETH, and USDT Reserves

According to the report, compared to the previous audit on November 4, client balances of Bitcoin increased by 0.35% to 687,912 BTC. The reserve coverage ratio of the first cryptocurrency reached 100.05%.

Ethereum balances grew by 1.04% to 3.48 million ETH, and BNB by 1.03% to 42.95 million tokens. Meanwhile, client balances of Tether decreased by 3.68% to 24.3 billion USDT. Despite the decline, USDT demonstrated the highest coverage ratio among the listed assets at 104.34%.

Arkham Discovered Additional SHIB Reserves

According to the analytical platform Arkham Intelligence, known Binance wallets contain about 58.82 trillion SHIB, or 5.88% of the total token supply. At the time of the study, their value was estimated at $251.16 million. This is 8.13 trillion SHIB more than the volume reflected in the PoR report.

The difference is explained by accounting specifics: Proof of Reserves covers client assets and funds to cover corresponding obligations, while Arkham's data includes a broader set of addresses associated with the exchange. According to the platform's assessment, among crypto exchanges, Binance ranks third in SHIB volume after Coinbase and Upbit.

At the time of publication, Binance continued to form cryptographic proof using zk-SNARKs and a Merkle tree. Once the procedure is completed, users will be able to independently verify the inclusion of their balances in the reserve report. The price of SHIB at the time of preparing the original material was approximately $0.00000426.