Binance’s publicly reported reserves may only be a fraction of all the assets it holds and the exchange has “more money than it is letting on,” a source told CryptoSlate, citing people familiar with the matter — including ex-Binance employees. Sources told CryptoSlate that “Binance is safe” since the exchange’s CEO Changpeng ‘CZ’ Zhao has…
On Dec. 13, TRON founder Justin Sun tweeted that he had deposited $100 million to Binance. The accompanying transaction link confirmed 100 million USDC going to address 0xd189…eb48 at around 07:00 UTC. Source: @justinsuntron on Twitter.com In response, Binance CEO Changpeng Zhao (CZ) said the funds were related to a deal bringing BUSD to the…
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FTX co-founder Sam-Bankman Fried gave ambiguous answers to questions about the mixing of user funds, investing in The Block, and more during a recent Twitter space hosted by Autism Capital. In response to a question regarding the mismanagement of user funds, Sam replied that from Nov 6th to Nov 10th, he looked into everything that…
Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.” The comment came in response to an assessment from Jeremy Garcia, the CEO of Bitcoin education site Satoshi’s Journal, who blasted Ethereum as “poorly designed” and uncompliant with the…
Selecting a derivatives DEX: An overview & comparison For the purposes of this article, we’ll be looking broadly at these three measures: security and privacy, transaction and cost efficiency and lastly, token ecosystems and reward-generating offerings. 21 hours ago · 6 min read
Changpeng Zhao (CZ), the CEO of Binance, has addressed concerns surrounding the investigation into “abnormal price movements” for some trading pairs on the exchange. Based on our investigations so far, this appears to be just market behavior. One guy deposited funds and started buying. (Hackers don’t deposit). Other guys followed. Can’t see linkage between the…
Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek, on Dec. 9. As promised, our audited Proof of Reserves. Mazars Group, a reputable audit firm, confirmed that our on-chain reserves exceed…
FTX former CEO Sam Bankman-Fried supports restarting the bankrupt exchange by issuing new FTT tokens to creditors and giving 100% profits to token holders. I continue to think that this would be a productive path for parties to explore! I *hope* that the teams in place will do so. — SBF (@SBF_FTX) December 9, 2022 Crypto…
WazirX, the Indian crypto exchange, has said that it is currently working with a third-party vendor to conduct an audit of its reserves, which will provide a proof of its holdings. 📢 Update on Proof Of Reserve WazirX will soon be sharing the Proof Of Reserves. Currently, the team is working with a third-party vendor…