Binance moves $2 billion of bitcoin as part of reserves audit

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Binance CEO Changpeng Zhao said the exchange had to move funds in its main bitcoin wallet to provide verification to an auditor.

The fourth installment of The Scoop’s continued coverage of FTX’s demise examines the legal underpinnings of FTX’s bankruptcy and restructuring process with attorneys Dan Besikof and Mark Shapiro.

 

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Binance wasnt organized with his reserve, they move now to reorganized it 👀

Do you do any journalism or just re-print press releases now?

Why would the audit require that they send such a large amount?

Move $2B to provide verification to an auditor... Since when the biggest CEX have to move funds to provide verif ? 🤣🤡

But, but! Is this not the same as creating a bail-out system for f**kups? Like governments do with failing banks.

What was the Tx fee?

CryptoCapo_ it went there capo

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