CryptoQuant verifies Binance's reserves, reports no ‘FTX-like’ behavior

by CryptoQuant released on Dec. 14 says its analysis confirms that Binance reserves are accounted for.as being an “Agreed-Upon-Procedure” and not a full audit.

Additionally, the report didn’t address the effectiveness of internal financial controls, according to the former chief of the Securities Exchange Commission's Office of Internet Enforcement, John Reed Stark. But CryptoQuant has backed the findings by audit firm Mazars stating that liabilities reported by Binance are very close to its estimation of 99%.

“The report shows Binance’s BTC liabilities are 97% collateralized by the exchange assets. Collateralization increases to 101% when the BTC lent to customers is accounted for.”

😂

Please do not forget that Binance owns Cointelegraph

走正道👍

CryptoQuant? Never heard of them. Why won’t they publish an account Acct list of assets, their amounts and the exact amount of liabilities, in each asset specifically? Until that happens we can all wipe our digital asses with this bullshit “report.” cz_binance

Too many FUD. If you can’t stand the heat, then get out of the kitchen. Easy!

From Mazers to CryptoQuant, too many auditors and too much turnover and too much fraud.

This all seems like a conspiracy, but who is it intended to benefit I have no clue

Don't wanna play this game sent all crypto to my Ownr wallet

Kevin O'Leary not happy about this news ;p;

Woke culture tried to cancel CZ because he embraced Elons fight for free speech.

binance will not fall by fud

🙏🤞

A report by CryptoQuant released on Dec. 14 says its analysis confirms that Binance's reserves are accounted for.

Quantstamp audited Terra and apparently didn't find the Wrapped LUNA $WLUNA Smart Contract breach. Tons of faith in crypto audits. 🤣

First there was FUD Tether, now Binance. This kind of thing is repeated in almost every bear market. I hope Binance survives this FUD as well as Tether usually does

Really appreciate the transparency and faith binance And cz_binance is maintaining 🔝🚀🥂

How much did CZ pay ? lol it's lightning speed 🤣🤣

Mazars refused to audit Binance.

all is CNBC centered...O'Leary (also) paid by CNBC...telling tales in congress while SFB trial in the making...cornering CZ into question centered on key items of the case that CNBC knows DOJ-SEC want to keep confidential for now...especially 'insider trading' issues

Binance has come to stay

It's just bear market things, don't worry cz_binance and binance gonna survive the bear market for sure ✊🚀

Do yall know what happens when the Binance fud is gone? get yo long bags ready. Bluebird index ($BNB $MASK $DOGE)

Go Binance10M!

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