Bitcoin Tumbles As Binance ‘Proof-Of-Reserves’ Removed From Auditor’s Site | ZeroHedge

https://www.zerohedge.com/crypto/not-binancial-advice

Crypto exchange Binance has seen its proof-of-reserve audits removed from auditor Mazars’ website.

“Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance. Unfortunately, this means that we will not be able to work with Mazars for the moment,” a spokesperson for the firm said in an emailed statement to Bloomberg News on Friday.

Binance CEO Changpeng “CZ” Zhao was quick to react to the news on Twitter with a retweet from a random commenter.

“Making a statement on why an auditing company decided to quit working with crypto? Ask them lol,” the tweet reads.

The news comes shortly after Mazars confirmed on Dec. 7 that Binance possessed control over 575,742 Bitcoin of its customers, worth around $9.7 billion at the time of writing.

The report has since been also removed from Mazars’ website.

CZ appeared on CNBC yesterday to ‘explain’…

H$*y Sh*t!

Get your bitcoin OFF Binance.#bitcoinpic.twitter.com/xSxNoyARXH

— Neil Jacobs (@NeilJacobs) December 15, 2022
Bitcoin puked right as the Mazars headlines hit, dropping back to $17,000…

As Bitcoin Magazine Pro’s Dylan LeClair and Sam Rule asked (and answered) earlier, is Binance facing FUD or legitimate questions?

Binance’s bitcoin balance sees its largest one-day outflow ever. BUSD stablecoin experiences large redemptions and the price legitimacy for the exchange-native BNB token is called into question.


The One World Digital Currency is coming…

Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.

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