Binance released its latest proof of reserves, indicating a trend of positive growth in its holdings. Will BNB rise?
An audit of Binance’s reserves revealed a positive uptick in user assets, as evidenced by their recent proof-of-reserves report.has been through a series of litigious battles and regulatory scrutiny over the last year. Despite the struggles faced by Binance, the overall state of the exchange remained positive.Binance released its latest, 20th proof of reserves report recently.
However, there was a decrease in holdings for Tether . User USDT assets fell to 21.51 billion, representing a decline of 2.54% from the previous month. Akinwumi’s testimony went beyond just the money laundering allegations. He specifically pointed out that Binance allows users in Nigeria to conduct transactions while hiding behind pseudonyms.
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