Kraken

16 hours agoNews Editor

Kraken’s June 2026 proof-of-reserves snapshot separates balance inclusion from wallet control

The Defiant said Kraken’s June 2026 proof-of-reserves snapshot draws a distinction between two separate checks: whether customer balances are included and whether the exchange controls the wallets in question. The report’s core point is that neither item, on its own, is enough to prove solvency. It also said those disclosures do not by themselves guarantee that users will be able to withdraw funds. That framing matters because proof-of-reserves disclosures are often read as a broad sign of financial soundness. In this case, the article argues for a narrower reading. A snapshot may show part of the picture, but it does not automatically establish that liabilities are fully covered in a way that ensures withdrawal access. The Defiant’s summary presents Kraken’s reserve report as something that can help users verify specific elements, while still leaving clear limits on what the disclosure can prove.

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He Yi

23 hours agoNews Editor

He Yi says Binance still needs formal process to recover $3 billion in frozen assets

Binance co-founder He Yi said in a reply to a community user last night that the current $6.3 billion has already covered all stolen assets, while another $3 billion remains frozen and still has to be recovered through a formal process. She made the comment while responding to questions about Binance’s solvency. In the same message, He Yi thanked users who have been paying attention to the exchange’s ability to meet its obligations. Her statement drew a distinction between assets that are already sufficient to cover losses and assets that are frozen and pending recovery through official procedures.

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He Yi

1 days agoNews Editor

Binance executive He Yi says reserve concerns are understandable, points to public operating data

He Yi responded on X to accusations of "inside theft" that surfaced after the Binance hack, saying investment decisions often come down to judgment, logic, and the ability to identify useful information. Addressing concerns from some users about Binance’s ability to meet obligations, she said those worries are understandable. He Yi added that a range of Binance operating metrics is publicly available, including trading volume, fee data, user scale, and BNB quarterly burn information. The remarks were reported by Odaily in a 7x24 news update published on Oct. 31, 2026. No additional figures or details were disclosed in the brief.

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Binance

1 days agoNews Editor

Binance co-founder He Yi responds to claims tied to theft incident, says solvency data is public

Binance co-founder He Yi responded on X to accusations of "inside theft" that surfaced after the exchange’s theft incident. In her remarks, He Yi said investing often tests a person’s judgment, logical reasoning, and ability to extract useful information from complex inputs. Addressing concerns from some users about Binance’s solvency, she said those worries were understandable. She also pointed to a set of public indicators that users can review, including Binance’s trading volume, fee revenue, user scale, and BNB quarterly burn data. The response came after discussion around the incident triggered questions about whether the exchange could meet its obligations. The original report was published by ChainCatcher as a 7x24 newsflash.

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Bit.Fan