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Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble

Altszn.com by Altszn.com
December 19, 2022
in Crypto
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Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble
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“If the exchange is not using its collateral to borrow money, it doesn’t really matter what the clean reserves are. If every customer’s crypto is fully held 1:1 in proper wallets, it doesn’t really matter,” he told CoinDesk via Telegram. “What is more important, is knowing the exchange’s liabilities amount. Knowing the reserves is one part of the equation, but more importantly, what are the liabilities.”



Read More: www.coindesk.com

Tags: AuditorBinancesBlockchainCryptocryptocurrencyDEBATEExchangemetricMissingProofReservesshowsTroubleweb 3.0Web3
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