The collapse of Bahamas-based FTX triggered a sense of distrust for centralized exchanges in the crypto industry. This was followed by increasing demands for transparency regarding the assets, liabilities, and reserves maintained by exchanges. Several exchanges published their Proof-of-Reserves (PoR), and arranged an audit of their business. Among these was Binance, the world’s largest crypto […]The collapse of Bahamas-based FTX triggered a sense of distrust for centralized exchanges in the crypto industry. This was followed by increasing demands for transparency regarding the assets, liabilities, and reserves maintained by exchanges. Several exchanges published their Proof-of-Reserves (PoR), and arranged an audit of their business. Among these was Binance, the world’s largest crypto […]
