Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users (Tim Copeland/The Block)

Tim Copeland / The Block:
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users  —  - Binance has put out its proof-of-reserves system, in light of FTX's meltdown.  — It shows a reserve ratio of 101% for its users' bitcoin balances.