Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users (Tim Copeland/The Block)

Tim Copeland / The Block:
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users  —  – Binance has put out its proof-of-reserves system, in light of FTX’s meltdown.  — It shows a reserve ratio of 101% for its users’ bitcoin balances.

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Binance says Mazars, the auditing firm that worked on proof-of-reserves reports for Binance, Crypto.com, and others, has paused work for all crypto clients (Jamie Crawley/CoinDesk)

Jamie Crawley / CoinDesk:
Binance says Mazars, the auditing firm that worked on proof-of-reserves reports for Binance, Crypto.com, and others, has paused work for all crypto clients  —  Mazars has deleted Binance’s proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized.

DCG’s Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG’s Genesis halts withdrawals (Stephanie Murray/The Block)

Stephanie Murray / The Block:
DCG’s Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG’s Genesis halts withdrawals  —  Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.

Binance plans to implement a new Proof-of-Reserves protocol developed by Ethereum co-founder Vitalik Buterin after sharing a snapshot of its wallets last week (Andrew Asmakov/Decrypt)

Andrew Asmakov / Decrypt:
Binance plans to implement a new Proof-of-Reserves protocol developed by Ethereum co-founder Vitalik Buterin after sharing a snapshot of its wallets last week  —  As the FTX collapse highlighted the urgency for more transparency among crypto exchanges, Chanpeng “CZ” Zhao said Binance is working …

[Thread] A detailed timeline of FTX’s meltdown, starting in September: SBF’s jab at CZ, CoinDesk’s article, CZ sells FTT, “FTX is fine”, Alameda woes, and more (Adam Cochran/@adamscochran)

Adam Cochran / @adamscochran:
[Thread] A detailed timeline of FTX’s meltdown, starting in September: SBF’s jab at CZ, CoinDesk’s article, CZ sells FTT, “FTX is fine”, Alameda woes, and more  —  1/82 I’ll be pinning this detailed timeline, as my final piece covering this topic, as now the case is closed in my mind. This was a crime plain and simple and I’ll put no more wind in this criminals sails: FTX: Meltdown. The definitive and chronological thread.

Auditing firm Mazars says Crypto.com users’ crypto assets are fully backed one-to-one, after vouching for a similar proof-of-reserves report from Binance (Nick Baker/CoinDesk)

Nick Baker / CoinDesk:
Auditing firm Mazars says Crypto.com users’ crypto assets are fully backed one-to-one, after vouching for a similar proof-of-reserves report from Binance  —  The examination was done by auditing firm Mazars.  —  Crypto.com released proof-of-reserves data from auditing firm Mazars Group …

Auditing firm Mazars says Crypto.com users’ crypto assets are fully backed one-to-one, after vouching for a similar proof-of-reserves report from Binance (Nick Baker/CoinDesk)

Nick Baker / CoinDesk:
Auditing firm Mazars says Crypto.com users’ crypto assets are fully backed one-to-one, after vouching for a similar proof-of-reserves report from Binance  —  The examination was done by auditing firm Mazars.  —  Crypto.com released proof-of-reserves data from auditing firm Mazars Group …