Binance in Hot Water After Moving $2.7B Out of Proof of Reserves Wallet

The crypto community noticed that Binance moved $2.7 billion out of its proof-of-reserves wallet. Binance responded, saying that it was a move to a TRX cold wallet. Crypto community members are also doubting the reserves, saying it is inadequate for what is in the BNB ecosystem.

(By Rahul Nambiampurath)

Binance Proof of Reserves

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