Post
Topic
Board Bitcoin Discussion
Re: Proof of reserves? Insurance fund? Best I can do is a random number generator!
by
Helena Yu
on 11/10/2023, 13:01:21 UTC
I don't think there's a centralized exchange is being honest with everything they have e.g. their total funds, the reserved funds for SAFU etc, most of them either using random number or exclude/include anything they want in order to make the number looks good (they will use * mark).

I image if Binance is bankrupt, how bad is the chaos affecting Bitcoin holder since most of people hold their funds in Binance.