Is Binance’s Proof-of-Reserves Pointless Without Liabilities?

Cryptoslate | Oluwapelumi Adejumo | Nov 28, 2022 Former Kraken CEO Jesse Powell criticized Binance’s Proof of Reserve, calling it an “ignorant or intentional misrepresentation.” Powell argued that the Merkle Tree was pointless if there were no external auditors to ensure that the exchange did not include accounts with negative balances. He added that “the

The post Is Binance’s Proof-of-Reserves Pointless Without Liabilities? first appeared on National Crowdfunding & Fintech Association of Canada.