ZyCrypto
2022-12-11 16:53:19

Kraken’s CEO Slams Binance’s Proof Of Reserves System Even After “Merkle Tree Audit”

Day’s after publishing the so-called Proof-Of-Reserves, Binance released a new report on Wednesday showing that its customer’s Bitcoin reserves are overcollateralized. The report which was prepared by South Africa-based global financial audit firm Mazars showed that as of November 22, Binance’s users collectively held 575,742.4228 BTC and that the exchange had enough BTC and wrapped BTC

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.