April 22, 2025

Day: November 17, 2022

Binance is not holding verifiable proof of reserves for ETH/XRP in the BNB ecosystem and is failing to hold adequate reserves / or show reserves for most of its other cryptos. They only verify that they hold 30% of the ADA in the BNB ecosystem.
4 min read

Binance is not holding verifiable proof of reserves for ETH/XRP in the BNB ecosystem and is failing to hold adequate reserves / or show reserves for most of its other cryptos. They only verify that they hold 30% of the ADA in the BNB ecosystem.

November 17, 2022
TLDR: Binance fails to provide adequate proof of reserves for assets in the BNB chain. Binance encourages...
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New CEO of FTX has just released a declaration and it is WILD. SBF received loans from Alameda. Real estate and items for employees was purchased with FTX money. Fair value of remaining non-stablecoin crypto is $659. “Never in my career have I seen such a complete failure of corporate controls…”
2 min read

New CEO of FTX has just released a declaration and it is WILD. SBF received loans from Alameda. Real estate and items for employees was purchased with FTX money. Fair value of remaining non-stablecoin crypto is $659. “Never in my career have I seen such a complete failure of corporate controls…”

November 17, 2022
https://twitter.com/kadhim/status/1593222595390107649 Here is the Twitter Thread. Direct link to the declaration https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf I’ll just copy paste what’s...
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