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As part of our ongoing work to improve transparency, we’ve updated how Proof of Reserves (PoR) is presented across assets.

This update involves adjusting the scope of net account balances included under the PoR. The aim is to provide a more accurate representation of all Binance

As part of our ongoing work to improve transparency, we’ve updated how Proof of Reserves (PoR) is presented across assets.

This update involves adjusting the scope of net account balances included under the PoR. The aim is to provide a more accurate representation of all Binance account balances, avoid confusion and help users better understand the essence of being 1:1 fully backed in Proof of Reserves.

We’ll continue to evolve our disclosures to stay accurate, transparent, and keep users SAFU.

Find out more 👉🏻 https://binance.com/en/support/announcement/85ec95595fac49e4817b527f06fc565c

Liquidity Pools = Funds locked in smart contracts

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