Is Binance Exchange on the Verge of Collapsing?

The repercussions from FTX’s massive failure continue to expand, and anxiety and fear have now reached FTX’s great rival, Binance exchnage.

In the most recent bump in the road, global accountancy firm Mazars suddenly stopped validating Binance’s “proof of reserves,” a document intended to show the business has enough cash on hand to support customer funds. According to Binance, Mazars, which was recognized for cutting ties with former President Donald Trump relatively early this year, stopped its work for all crypto businesses on Friday. This article is all about the Binance exchange and whether is it on the verge of collapsing. Let’s take a look at it in more detail.

Binance Exchange and its Proof-Of-Reserves Report