Justin Sun Accused of Secretly Acquiring TUSD
Sun, who steadfastly maintains his innocence of any wrongdoing, faces ongoing rumors and speculation about his alleged ownership of TUSD.
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Sun, who steadfastly maintains his innocence of any wrongdoing, faces ongoing rumors and speculation about his alleged ownership of TUSD.
The community asks for an audit report believing proof of reserves are not enough.
A proof of reserves report published by Mazars reveals that Binance has enough assets to satisfy customer withdrawals.
Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page.
Crypto sector auditor Mazars found that Binance customers’ Bitcoin deposits were 101% backed as of last month.
Proof-of-Reserves systems allow to combine the transparent nature of blockchains with the comfort of using centralized exchanges.
CoinDCX portfolio has SHIB worth over $14 million. It is the third-largest allocation of the portfolio.
Grayscale refused to provide a proof-of-reserve for its Bitcoin citing security risks.
Binance responded, saying that it was a move to a TRX cold wallet.
Following the epic meltdown of one of the biggest players in crypto, some within the industry are calling for “proof of reserves” to provide greater transparency.