Binance to run Proof-of-Reserve audit after FTX acquisition

Binance wants to audit its reserve

About FTX & Binance

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Founder of FTX

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The Acquisition

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Why Binance bought FTX?

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Proof of Reserve Audit

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A proven mechanism

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We're on You Tube

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Binance wants to audit its reserve

Binance wants to audit its reserve

About FTX & Binance

About FTX & Binance

FTX & Binance are the leading cryptocurrency exchanges in the world. Infact, by volume FTX is the second largest exchange after Binance

Founder of FTX

Founder of FTX

Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.

The Acquisition

The Acquisition

In a tweet, Binance's founder CZ announced that FTX asked for help & to save it from liquidity crunch Binance will acquire it.

Why Binance bought FTX?

Why Binance bought FTX?

Swipe up to learn why the deal happened in the first place?

Proof of Reserve Audit

Proof of Reserve Audit

To provide transparency after FTX deal, Binance will run proof-fo-reserve audit using Merkle trees. Audit to be conducted by an independent third party.

A proven mechanism

A proven mechanism

Cryptographic oriented Proof-of-reserve mechanism has been used by Kraken & OKX for allowing users to verify their token balances

Also Read:

Also Read:

1..Solana crash

1..Solana crash

2..GameFi future

2..GameFi future

3..AML regulations

3..AML regulations

We're on You Tube

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