Yesterday, Binance announced the latest reserve data

The reserve rates of major assets are all ≥100

The impressive part is that you can verify whether your assets are included by yourself, and it won't leak privacy

This is the charm of Merkle trees and zk-SNARK technology

Speaking of this, it reminds me of FTX

A few days ago, I watched an interview dialogue between @PhyrexNi and Can哥, which mentioned that FTX's reserve interface at that time was all fake

The explosive head almost emptied the exchange, hard to bring the exchange's liabilities to 9 billion USD, but the liquid assets were only a few hundred million USD

Since then, major exchanges have begun to implement the Merkle tree plan, and Binance seems to be doing well

The data of each reserve can be verified. I checked my personal assets, um, still A1, can rest assured! #BNB