Binance’s SAFU wallet transferred out 7,500 $BTC on the evening of October 31, worth approximately $580 million, leaving 7,500 in the address. On-chain analyst Ai Yi believes this was to replenish the assets required for Proof of Reserves. He Yi later said that the reserves for the ten major tokens had returned to 100%.
The replenishment on the books is complete, but SAFU’s buffer is now only half of what it was before the transfer.
#币安 #Proof of Reserves
The replenishment on the books is complete, but SAFU’s buffer is now only half of what it was before the transfer.
#币安 #Proof of Reserves