Chain News reported "Inspiration from the FTX incident | "Unused user assets" is unfounded. Has your exchange done PoR (Proof of Reserve)? ", the article mentioned the concept of PoR (Proof of Reserve), Binance founder Changpeng Zhao said that POR will be introduced to increase the transparency of the exchange.

Binance now provides asset proof web page: https://www.binance.com/en/assets-proof

Among them, the wallet addresses and balances of many assets can be checked. At the time of writing, there were 120,000 BTC, 1.9 million ETH, 6.95 billion USDT, and 5.33 billion BUSD.

This article Binance announces proof of assets! 120,000 BTC, 1.9 million ETH, 6.95 billion USDT first appeared on Chain News ABMedia.