Binance Bank

2022, Nov 10    

Binance demonstrates their desire to be open and transparent in their funds held in cold wallets. And much like their maligned counterpart (Tether), we find fairly well-done bookkeeping. While it remains to be verified by 3rd party auditors and we don’t yet see the associated Merkle Tree proofs (does everyone know what this means? If not - let me know and we can dig deep on the tech!

I think this is good for the industry, regardless of the cause.