Binance SHIB Reserves Fully Back Deposits After $6.3B Hack

Binance SHIB▲$0.00000433 reserves fully cover customer Shiba Inu balances following the October 29 hack, with coverage at 100.04% as of November 12, 2026, at 00:00 UTC. The exchange published an unscheduled proof-of-reserves update after attackers stole $6.34 billion, per U.Today.

For SHIB holders, the headline figure puts Binance’s stated holdings just above what it owes customers. The remaining step is finishing the calculation that will let users verify their own balances against the reserve ledger.

Binance SHIB Reserves Cover Customer Balances

Binance lists customer net balances of 50.67 trillion SHIB against reserves of 50.69 trillion SHIB. That 100.04% ratio leaves a narrow margin above full coverage — enough to satisfy the threshold, not enough to suggest a large buffer.

Of those reserves, 50.68 trillion SHIB sits at Binance’s own addresses. Another 7.46 billion SHIB is held with third-party custodians. Together, those two pools form the stated backing for customer deposits.

Company funds are excluded from the report. The customer reserve ledger is the only measure that matters for this disclosure.

The SHIB Reserve Update Follows a $6.34 Billion Theft

The October 29 attack hit ten blockchains in roughly 20 minutes. Nearly 500 billion SHIB was among the stolen assets, putting the token squarely inside the scope of the post-attack review.