Verify Trust: Numerous on-chain anomalies have forced the crypto community to question the legitimacy of asset snapshots provided by exchanges. Who do you think is the most credible crypto exchange?
on Etherscan, which proves that Huobi had shown 14,858 ETH in its latest snapshot, which has since fallen down to 2,463.5 ETH at the time of writing.None of the exchanges in question have publicly retaliated against the claims put forth by the crypto community. The possibility of multiple crypto exchanges working together to manipulate investor funds has forced the community to keep their guard up until an official statement.
As more crypto exchanges make their cold storage information public, the immutable nature of blockchain technology will allow investors and investigators to dive into the history of the exchange’s operations. “Our objective is to allow users of our platform to be aware and make informed decisions that are aligned with their financial goals," said Binance while revealing wallet addresses.
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