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An independent study shows Binance has enough reserves to pay out all customers holding bitcoin

1 month ago   |   By Business Insider

Binance CEO Changpeng "CZ" Zhao. Binance
A proof of reserves revealed Binance's bitcoin reserves have enough collateral, according to Mazars.
The accounting firm conducted the review after being tapped by Binance last week.
The collapse of FTX has sparked a renewed push for transparency among crypto firms.
Binance's customer bitcoin reserves have more than enough collateral, according to a proof-of-reserves report from accounting firm Mazars. Mazars, which was tapped last week by Binance to conduct the review , listed Binance's bitcoin collateralization ratio at 101% based on an analysis...
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