Binance completed a Proof of Reserves (PoR) check for ten tokens on November 2, according to CoinStats’ daily report.
After the hack, users’ biggest concern is whether exchanges have enough assets to cover their liabilities. PoR checks can offer some insight, but they’re just snapshots in time, not full audits—so don’t treat them as insurance.
During the same period, $BNB was worth around $696, down slightly by about 2% over 24 hours, while $BTC was near $77,000. The Fear and Greed Index stood at 26. My take: transparency matters more than price at this stage. Whether more detailed disclosures follow is what really matters.
#Binance #Proof of Reserves
For reference only; this is not investment advice.
After the hack, users’ biggest concern is whether exchanges have enough assets to cover their liabilities. PoR checks can offer some insight, but they’re just snapshots in time, not full audits—so don’t treat them as insurance.
During the same period, $BNB was worth around $696, down slightly by about 2% over 24 hours, while $BTC was near $77,000. The Fear and Greed Index stood at 26. My take: transparency matters more than price at this stage. Whether more detailed disclosures follow is what really matters.
#Binance #Proof of Reserves
For reference only; this is not investment advice.