After suffering a huge amount of negative press over its recent proof-of-reserves audit, blockchain analytics provider CryptoQuant has verified that all Binance’s reserves are accounted for.
The cryptocurrency market has been roiled over the past few days by FUD suggesting that this and that crypto platform is about to go down. Binance, being the biggest trading platform in the sector, has become the number one target for most of the FUD.
The Binance proof-of-reserves report put together by Mazars did confirm that Binance’s bitcoin reserves were overcollateralised. However, after the report was criticised by certain industry experts, Mazars started to distance itself from the report and now the link to it is dead and not available.
The problem appears to have been that the report was not a proper audit given that it was an “agreed-upon procedure” rather than a full audit that used a process imposed by the auditor themselves.
However, CryptoQuant carried out its own analysis o
We współpracy z: https://cryptodaily.co.uk/2022/12/cryptoquant-gives-binance-clean-bill-of-health
