Mainstream media has reported that the Binance Proof-of-Reserves audit was not actually an audit. Others have joined the fray. Binance fights back.
A recent report in the Wall Street Journal states that Binance is trying to calm investors but that its finances remain a mystery. Here, the mystery refers to the proof-of-reserves audit carried out by Mazars.
Given that the WSJ printed such an article means that the ensuing FUD can prove to be quite difficult for Binance to bat away. Also, once such a mainstream platform publishes something like this, many other news platforms are likely to follow suit. CoinTelegraph, Investing.com, and Zero Hedge among others have already done so.
Proof-of-Reserves report
The issue appears to be that some experts have stated that the Proof-of-Reserves report carried out by Mazars isn’t actually an audit. The report was done using a methodology called “agreed upon procedure” (AUP).
Some are saying that this is an issue because the AUP is how Bina
We współpracy z: https://cryptodaily.co.uk/2022/12/is-there-a-plot-to-bring-binance-and-crypto-down
