Cointime

  • BTC $17219.32 0.08 %
  • ETH $1281.38 0.15 %
  • BCH $112.00 0.18 %
  • SOL $13.68 0.15 %
  • XRP $0.39 0.05 %
  • BNB $289.40 0.07 %

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

1 min read Original Link

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)

All Comments