{"id":512689,"date":"2022-12-16T12:00:48","date_gmt":"2022-12-16T17:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=512689"},"modified":"2024-06-11T14:33:18","modified_gmt":"2024-06-11T14:33:18","slug":"glassnode-raises-concerns-over-binance-por-data","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/glassnode-raises-concerns-over-binance-por-data\/","title":{"rendered":"Glassnode Raises Concerns Over Binance PoR Data, Was There A Mistake?"},"content":{"rendered":"
Binance, as one of the leading crypto exchanges, tried to exhibit transparency in its operations, especially on the security of customers’ funds. This led it to publish its proof of reserve (PoR) reports. However, the collapse of some firms like Celsius Network, FTX, and others has instilled fear and doubts about crypto exchanges and platforms.<\/p>\n
Investors lost confidence majorly in centralized platforms. Hence, most CEXs have taken to publishing their proof of reserve assets to indicate the safety of users’ funds.<\/p>\n