2min chapter

Crypto Critics' Corner cover image

Harmony Horizon Exploit, Lazarus Group, and Cryptocurrency Bridges

Crypto Critics' Corner

CHAPTER

Binance Wallets - The Proof of Reserves and Corporate Funds

USDC shows up on the proof of reserves again. And there are no customer liabilities in USDC, which means all the USDC they have on hand is corporate funds. Which suggests Binance has far more liquid unencumbered cash in the banking system than I initially expected.

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