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CZ Shuts Down Binance Proof of Reserves FUD: Details
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4 Articles
CZ Addresses Delay in Proof-of-Reserves, Blames FUD on Known Controversial Trader - Crypto Economy
TL;DR CZ responded to James Wynn’s claims about Binance’s proof of reserves and clarified that the report is released after routine verification. The June report confirmed full 1:1 backing of all user funds and revealed that Binance increased its own Bitcoin reserves to 606,080 BTC. Wynn, known for multimillion-dollar losses and public controversies, was exposed once again after making unfounded accusations that were quickly disproven. CZ stepp…
Hyperliquid degen James Wynn FUDs Binance
Hyperliquid gambler James Wynn claimed that Binance hasn’t posted its proof-of-reserves, implying the exchange was putting it off, before an unhappy Changpeng Zhao labeled his statement as “FUD.” The now-deleted tweet from the pseudonymous hyperliquid trader said, “BINANCE HAS STILL YET TO POST PROOF OF RESERVES Binance has notoriously posted their proof of reserves on the 1st of every month!!” The former Binance CEO responded, “Bruh… FUD,” clar…
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