Kraken’s CEO slams Binance’s Proof Of Reserves System after “Merkle Tree Audit”
Binance’s Merkle Tree audit has been received with scepticism, notably by some of its biggest competitors, Jesse Powell. Kraken CEO Jesse Powell referring to the report by Mazars “This OBVIOUSLY is not a traditional Proof of Reserves,” he said, referring to the report by Mazars. He further questioned why Binance was using collateral negative balance…
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