Bitcoin (BTC) $108,170.31 -0.79%
Ethereum (ETH) $2,520.43 -1.83%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 147.399321 -3.62%
Cardano (ADA) $0.58 -2.25%
Chainlink (LINK) $13.20 -2.53%
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Polygon (MATIC) 0.25693 2.45%
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Cryptocurrencies: 26582

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Market Cap: $3,329,084,305,335

24h Vol: $94,379,251,071

CoinGape

2022-11-25 22:12:27

Breaking: Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless

Breaking: Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless

Kraken’s CEO Jesse Powell has lashed out at Binance, calling its proof of reserves to be pointless as it lacked “proof-of-liabilities”. Following the failure of the cryptocurrency exchange FTX, it was discovered that FTX had loaned out a sizable part of its customers’ assets as per their bankruptcy filings. As a direct result of this, The post Breaking: Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless appeared first on CoinGape .

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