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We Used On-Chain Data To Look Into Binance’s Proof Of Reserve

Written by Joel Zhao
Published in chaindebrief · 16 Dec 2022

Key Takeaways: FUD surrounding Binance’s recent proof of reserve report being an agreed-upon procedure instead of a full audit. On-chain data shows liabilities reported by Binance are very close to with 99% estimation. Binance’s ETH and Stablecoin reserves are not showing “FTX-like” behaviour at this point. Binance closes in on 90% clean reserves. ___________________________________________ A report from Coindesk […]