Check out the Binance Bitcoin Proof of Reserves Audit Report Now
Binance, the largest cryptocurrency exchange in the world, has revealed the details of its hot-and cold wallet addresses to make it easier for users. The exchange also promised to release the Merkle Tree of money ahead. The first audit report was issued by the crypto exchange, which has since fulfilled its promise.
Binance tweeted that they were working with the Mazars, an international financial audit firm, as part of their user fund transparency work and Proof of Reserve. It also mentioned that the BTC proof of reserves is now available. It also stated that reports for other tokens would be available soon.
According to the report, Binance had undergone a Proof-of-Reserves and Proof-of Liabilities verification on November 22, 2022. Auditing firms found that Binance controlled more than 100% of their cumulative platform liabilities.
Binance’s Bitcoin net customer balance is at 575742.4228.
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