CZ Shuts Down Binance Proof of Reserves FUD: Details

Key Points

1. CZ responded to claims about Binance's proof of reserves, clarifying that the platform typically publishes them a few days into the new month, around the 5th or 6th.

2. He emphasized that this delay has always been Binance's standard practice and advised critics to check historical data before raising concerns.

3. CZ highlighted Nano Labs' $500 million debt offering to buy Binance Coin, noting its significance as a BNB-only strategic reserve public company.

4. The Binance community acknowledged CZ's response, supporting his call for accurate research before spreading doubts in the ecosystem.