Proof-of-Reserves
Aave DAO Votes to Integrate Chainlink Proof of Reserves to Tighten Network Security
Although the decentralized lending protocol’s data is inherently on-chain, introducing Chainlink’s PoR would help mitigate the risk of attacks on the Aave protocol.
Binance Losing Auditing Partner Mazars Leaves Crypto Questions Unanswered
Auditing firm Mazars, which had published a proof of reserves report for Binance and other exchanges, on Friday cut ties with clients in the crypto industry.
On-Chain Data Shows Binance Isn't Exhibiting ‘FTX-Like’ Behavior: CryptoQuant
Binance is not the next FTX, according a report from CryptoQuant. The analytics firm points to on-chain data to support claims made in a recent audit that Binance is over-collateralized. This comes as Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, has paused all work for crypto clients. CryptoQuant Senior Analyst Julio Moreno shares his insights.
Auditing Firm Mazars Pauses Proof-of-Reserves Work for Crypto Clients
Mazars said it had concerns about how the reports were understood by the public.
CryptoQuant: On-Chain Data Shows Crypto Exchange Binance Isn't Exhibiting ‘FTX-Like’ Behavior
The analytics firm found the exchange is almost entirely collateralized and diversified away from its proprietary token.
Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed
The examination was done by auditing firm Mazars.
Binance's Bitcoin Reserves Are Overcollateralized, New Report Says
Mazars performed a proof-of-reserves and proof-of-liabilities assessment on the centralized exchange.
Binance Exec Says Firm's 'Centralized Exchange' May Not Be Around in 10 Years
Chief Strategy Officer Patrick Hillman said the exchange may become obsolete because of the crypto industry's move toward decentralized finance.
