1Confirmation
Binance publishes proof of reserves website list 611,919 BCH liabilities but links to cold wallet with a balance of only 112,615 BCH. They literally have posted evidence that they have only fractional reserves.
https://www.binance.com/en/assets-proof screenshot: https://i.redd.it/i6fdch8e35z91.png Bitcoin Cash BCH Bitcoin Cash Proof of Assets 451,920 BCH qre24q38ghy6k3p…8hqmxmqqn28z85p BCH Wrapped Token 9,713 BCH BEP2 150,286 BCH Cold wallet backing: https://www.blockchain.com/bch/address/qre24q38ghy6k3pegpyvtxahu8q8hqmxmqqn28z85p Final Balance: 112,615 they fucked up on listing it for BCH. They listed their liabilities instead of the actual balance on their cold wallet. Read more…