CoinGabbar, a third party platform that tracks crypto assets, released WazirX’s proof of reserves. At the time of writing, WazirX had $285 million of total user assets, displayed in the form of stablecoin USDT, which is pegged to the U.S. dollar. Of the total user assets, around 92% or $259.07 million was held in Binance wallets, with $26.45 million being held in other exchanges.
Related posts
-
Bitcoin Awaits PCE Inflation Report
Solana’s SOL token has outperformed Ethereum’s ETH token this week after New York-based investment management firm... -
Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report
June 27: Rebar Labs, building “MEV-aware infrastructure, products and research” for Bitcoin, has raised $2.9 million... -
Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity
A rare “Satoshi era” Bitcoin miner address woke up after being dormant for 14 years, sending...