Binance Proof of Reserves: Holdings Are Sufficiently Collateralized

By akohad Dec8,2022

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As Binance’s first Proof of Reserves (PoR) audit report shows, the company has enough assets to handle a bank run.

On November 22, 2022, the South African business unit of Mazars, an international accounting, tax and consulting firm, conducted the PoR audit. Using a variety…

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