CryptoQuant, a leading cryptocurrency analytics platform, has released a report verifying Binance's crypto reserves. According to the report, the data does not show any signs of "FTX-like behavior," suggesting that the world's largest cryptocurrency exchange is not manipulating the market. The report analyzed Binance's cold wallet addresses and concluded that the exchange was not using any "hidden tricks" to move funds. The report also found that Binance was not using any other services to hide funds. This report is a reassuring sign for crypto investors, as it provides transparency and assurance that Binance is following best practices.
Source: Hindustan Times