BTC, WBTC Reserve Attestation

Binance - 2022-11-22

Engagement Details

Asset Class

Exchange Proof of Reserves

Period Type

Point-in-Time

Engagement Type

Agreed-Upon Procedures

Standard

Other

Opinion

N/A

Practitioner

Mazars

Assertion Party

Management of Binance

Reserve Summary

Total Reserves

-

Circulating Supply

-

Coverage Ratio

-

Custodians

Not disclosed in report.

Scope Notes

Mazars proof-of-reserves assessment of BTC and wrapped BTC at block height 764327 (Nov 22, 2022), covering spot, options, margin, futures, funding, loan and earn accounts: customer liabilities 597,602 BTC vs assets 582,486 BTC (97.4% gross); 101% collateralized net of in-scope assets lent to customers. No assurance opinion expressed. Mazars withdrew the report from its portal in Dec 2022; the linked copy is preserved by Silver Sixpence, the firm that built the Merkle tooling for this engagement.

GENIUS Act Disclosure Checklist

Factual observations only. See methodology.

• ✗Monthly disclosure published
• ✗Examination-level engagement
• ✗Practitioner PCAOB-registered
• ✗Composition by category disclosed

Source

Primary source PDF ↗

Source quality: Secondary Source

How to Cite

Reserve Attestation Registry. "BTC, WBTC Reserve Attestation - 2022-11-22." https://grantstell.com/attestations/binance-por-2022-11 (retrieved 2026-08-06).