The Short Version
Misleading. While scientists have found evidence of water locked within minerals in Earth's mantle transition zone (410–660 km deep), the claim that this reservoir definitively "contains more water than all of Earth's oceans combined" overstates the science. The most rigorous peer-reviewed estimates place transition zone water at 0.2–1 ocean equivalents. The widely cited "three times all oceans" figure is a conditional upper bound assuming 1% water content — not a confirmed measurement. The water exists as chemically bound hydroxyl in rock, not as liquid.