global inspection company mazars, Binance Proof of Reservepercent in the first report of the audit 101determined collateral.
Cryptocurrency exchange Binance, launched the proof-of-reserve system in terms of transparency and reliability. Binance Proof of Reserve , was a new feature that activated other exchanges as well. The proof system that emerged with the bankruptcy of FTX also marked the beginning of a new era in the crypto industry. Now, companies providing crypto money services provide assurance to their investors by providing proof of reserve. Moreover Binancecontracted with Mazars on a third-party audit of the proof-of-reserve system. mazars, Binance Proof of Reservepublished its first report on
Binance Proof of Reserve Approved by Mazars
The world’s largest cryptocurrency exchange Binance, Proof of Reserve ( POR) received its first approval. mazars, the exchange Bitcoin ( BTC) reserves 101 percentdeclared that it is guaranteed.
auditing companyannounced its audit via its website. in the announcement, “During the assessment, Mazars observed that in-scope assets controlled by Binance exceeded 100 percent of total platform liabilities.”explanation as done.
mazarswill continue to monitor and prepare reports.
