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cryptonews

2022-12-12 21:20:00

Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?

Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?

Binance’s proof-of-reserves audit has already raised red flags, with some experts claiming it is far from enough to satisfy worried users. The so-called proof-of-reserves report was released on December 7 in the form of a 5-page PDF document prepared by the global accounting firm Mazar’s South African branch. The report was based purely on an “Agreed-Upon Procedures (“AUP”) engagement,” and is therefore limited in scope.... Read More: Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?

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