Crypto Contagion: Binance Releases Proof Of Reserves!
The crypto industry is currently under general suspicion of not correctly managing and misappropriating the funds (FIAT and Crypto) deposited by customers. As a result, many exchanges, brokers, and lenders do not have enough funds to pay out their customers. Most recently, Bitpanda, regulated in Austria and Germany, had its reserves audited by KPMG. Now the world's largest crypto platform Binance is also disclosing a Proof of Reserves (PoR).