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Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users (Tim Copeland/The Block)
Tim Copeland / The Block:
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users — – Binance has put out its proof-of-reserves system, in light of FTX’s meltdown. — It shows a reserve ratio of 101% for its users’ bitcoin balances.
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