Binance Showed Us the Money. Then It Changed the Addresses.
Binance reopened withdrawals and published a reserve snapshot. Then came another line: the wallet addresses had changed. Why isn't a photo of the money enough?
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Chapters
- 0:00Why isn't a photo of the money enough?
- 0:11The photo can't show the keys
- 0:19Changing the locks
- 0:24The lock of the future
- 0:39One habit, two consequences
- 0:53One choice
About this video
A reserve snapshot shows whether the money is there; how the keys are managed decides whether it stays there. Looking further ahead: researchers estimate that on one proposed future quantum computer, a single Bitcoin key might hold for about an hour — but that machine has not been built. And reusing the same key makes reserves easier to prove, while keeping its public key exposed on-chain for years.
Narrated in Chinese with burned-in Chinese subtitles. The written version in English is linked below.
Sources
- 币安安全事件恢复进展第 4 号（2026-11-01）
- Alice & Bob, Shor's algorithm compiled on cat qubits（IACR ePrint 2026/2665）：https://eprint.iacr.org/2026/2665
- Google Quantum AI 加密货币量子风险白皮书与博客（2026-03-31）：https://research.google/blog/safeguarding-cryptocurrency-by-disclosing-quantum-vulnerabilities-responsibly/
Visuals are illustrations; facts follow the cited sources. Not investment advice. IKOL · AI-assisted research, human-edited.