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Auditor Mazars: Binance's Bitcoin reserve rate reaches 101%

Auditor Mazars: Binance's Bitcoin reserve rate reaches 101%

2022/12/8

According to reports, at 7:59:59 on November 23, 2022, Beijing time, Mazars surveyed the holdings of Bitcoin in assets controlled by Binance, BTCB on Ethereum, and BBTC on BNB Chain at Bitcoin block height 764327. According to the audit, the Bitcoin assets held by Binance are 101% of its liabilities (customer deposit assets), and Binance's Bitcoin liabilities are about 575,742.4228 pieces. Mazars said the audit considered situations in which all three assets were lent against other assets.

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