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Proof of reserves is proof of nothing

Coppola Comment · published 16 February 2023

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blogger.googleusercontent.com
https://blockworks.co/news/ftx-joins-coinbase-kraken-with-us-gaap-audit-pass
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https://www.binance.com/en/proof-of-reserves
binance.com
https://blogger.googleusercontent.com/img/a/AVvXsEhDx5arYnRCbIOqR4FREpx7CIIJa8AolLkVxYUU9-8Q-1Lf2gje3SHIWZ2XLfucMly9uS1qXoJXAayrTecP42TJiYfYZu5utOfkEBMvGHI79us1eyUCjEGI-iTDOK6jki1Gc_axXvBnh4RuM3VUjK-0VrjjcrbKZ_bHuMIW8W6tM0UFPbWhHmzMetsg
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https://www.binance.com/en/feed/post/53973
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https://www.ledgerinsights.com/wp-content/uploads/2022/12/Binance_POR_Report_7_December_2022.pdf
ledgerinsights.com
https://blogger.googleusercontent.com/img/a/AVvXsEgvUEinap6tCgsxZF4hHCWF9bcSaKYV1K7ngY53GRrQ3E2AYor7ySPA_kEq2zuqcXkta3_7nCQmYO042p6-AbyQlIDE8MZqqJCenA2X2Nb8pbPXpuD-Kud7W_NrNiCX-wExnhVuzKmtRHSFn97QGktWz52L0GbZbni-HKPHV6ZO1wyIfN9RlyNL783i
blogger.googleusercontent.com
https://www.bloomberg.com/news/articles/2023-02-08/binance-signals-full-audit-for-crypto-s-biggest-exchange-remains-some-way-off?sref=3roVJZZ4
bloomberg.com
https://www.cnbc.com/2022/12/13/crypto-exchange-binance-temporarily-halts-usdc-stablecoin-withdrawals.html
cnbc.com
https://www.sec.gov/oca/staff-accounting-bulletin-121
sec.gov
Why Coinbase's balance sheet has massively inflated Read at the source ↗
coppolacomment.com
https://www.coindesk.com/business/2023/01/10/a-binance-stablecoin-wasnt-always-fully-backed-bloomberg/
coindesk.com
https://www.coindesk.com/consensus-magazine/2022/12/14/after-ftx-explaining-the-difference-between-liquidity-and-insolvency/
coindesk.com
https://www.wikihow.life/Read-a-Balance-Sheet
wikihow.life