Proof-of-Reserve: Binance's little bluff

‍The exchange platform has just published a report from Mazars certifying its reserves. Problem: the audit only concerns reserves in bitcoins and is "non-committal".‍
08.12.2022

A "step forward", "progress"... Since Binance introduced a Proof-of-Reserve system in November, a large part of the ecosystem seems reassured and is full of praise for the biggest exchange platform on the planet.

The optimism is all the more important as the company run by Changpeng Zhao, aka "CZ", entrusted the audit of this reserve to Mazars, which has just delivered its report.

What does this report say?

Format
Analysis
Topic
Technology
Author(s)
Grégory Raymond
Raphaël Bloch

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