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The Daily Hodl 2022-12-07 23:01:18

Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100%

Crypto exchange giant Binance has enough reserves to back its users’ Bitcoin (BTC), according to global auditing firm Mazars. The auditing report comes after Binance announced a commitment to increasing financial transparency in the aftermath of the collapse of crypto exchange FTX. Binance announced in late November a proof-of-reserves (PoR) system to prove a one-to-one The post Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100% appeared first on The Daily Hodl .

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