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Benzinga
Benzinga
Business
Murtuza Merchant

Ethereum's Vitalik Buterin Is Planning This Cryptocurrency Safeguard, Changpeng Zhao Tells Benzinga In Twitter Space

Changpeng Zhao Vitalik Buterin Binance Ethereum FTX Crypto

Binance CEO (CRYPTO: BNB) Changpeng Zhao on Monday said Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin is planning to come up with a protocol for exchanges to automatically disclose their proof of reserves to users.

Asked by Benzinga whether exchanges are sending funds to each other to fudge their proof of reserves amid the FTX fiasco, Zhao said he does not know what other exchanges are doing — but Binance certainly does not.

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