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The AUP engagement defined the scope of assets as “customers’ spot, options, margin, futures, funding, loan and earn accounts for bitcoin and wrapped bitcoin held on the Bitcoin, Ethereum, BNB Chain and Binance Smart Chain blockchains” as of 23:59:59 UTC on Nov. 22, 2022. “We compared the total nominal balance of each blockchain’s In-Scope Asset […] to the Asset Balance Reports obtained […] and did not find any variances greater than 1%,” they wrote. “We found that Binance was 101% collateralized.”
This is part of the Proof-of-Reserve Audit. The auditor require us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a Change Address, which is a new address. In this case, the Input tx is big, and so is the Change. Ignore FUD! https://t.co/36wUPphIZk pic.twitter.com/2NkH5L5J9jThe Mazars report is Binance’s attempt to make good on CZ’s Nov.
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