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You thought TradFi would be the first to leave crypto given what happened, right? But they are smart.
Audited proof of reserves. Transparency. #
Over the last three weeks, Binance joined forces with law enforcement agencies in Singapore, Malaysia, and Thailand to deliver practical cryptocurrency training and workshops for investigators and prosecutors. 1/2
Interesting discussion around 25 min in. Thanks to David Sacks for a clear understanding.
Binance Releases Proof of Reserves System | Binance Support
Good read about how fighting crime is done in crypto. The main law enforcement characters, Tigran Gambaryan and Matt Price both work in the cybercrime team @ now.
.@ released a new exchange reserve dashboard feature.
Yes, we have the "inheritance procedure" where we verify the death certificate and kinship, then wait for a month (to see if the account holder does not "come back from the dead"), then give the assets to next of kin. Stay #.
If I put all my assets in binance, my family only knows that the account doesn't know the password. Can I get it back through the kinship certificate?
The Block: Binance role in FTX collapse under congressional scrutiny
Wrote this 2 years ago. Didn't change much.
FTT contract deployers moved all remaining FTT supply worth $400 million, which should be unlocked in batches. Not too sure what's going on.
Agree with the thread until the "issuing a coin part". If you are making a donation, use a top 10 existing coin. Issuing a coin causes all kinds of problems. Is it for your own benefit (coins you hold) or charity? Not to mention the liquidity issues, inflated valuations, etc...