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This YouTuber (Sasha Yanshin) did a scrutiny of the errors or omissions made with the different wallet checks in the report. This is the most detailed tear down

This YouTuber (Sasha Yanshin) did a scrutiny of the errors or omissions made with the different wallet checks in the report. This is the most detailed tear down I've been able to find so far on the Internet. https://www.youtube.com/watch?v=42VnEndJ9mo https://www.youtube.com/watch?v=42VnEndJ9mo

rippercushions 4y ago
This is worth the watch. TL;DR: the non-audit a) doesn't cover Binance's notional holdings of $40B+ in stablecoins at all, b) doesn't match the list of wallets they've previously published, and c) there are shenanigans like billions in BTC teleporting into wallets right before the attestation date and teleporting right out afterwards.
- jmull 4y ago
  I personally wouldn't transfer a dime into Binance, but demonstrating the ability to perform a transaction of a specific time, place, and amount isn't shenanigans.
anyfactor 4y ago
Even though I would like to casually watch a video on Binance but I am going to pass on that channel. That channel is defined by red backgrounds, down arrows and fire. I firmly believe that one should be open to every opinion as long as they have a built a good framework aka BS detector. I feel like this video is not going to be a casual watch for me and I am definitely not invested in Binance that much to fact check everything presented on that video.
- RONROC 4y ago
- sumtechguy 4y ago
  That is an unfortunate side effect of the way YT is running its feed system and ad revenue sharing. A good amount of YT vid thumbnails have turned into clickbait.
- snapcaster 4y ago
  I tend to agree with you, but i'm also sympathetic to the youtubers trying to maximize their engagement since this style appears to be what does it
- jmull 4y ago
  I watched maybe a third of the video. It was truly awful. I think the overall conclusion is right -- that the Mazars report does not show Binance is sound -- but, wow, what an awful way to deliver it.

rippercushions 4y ago

This is worth the watch. TL;DR: the non-audit a) doesn't cover Binance's notional holdings of $40B+ in stablecoins at all, b) doesn't match the list of wallets they've previously published, and c) there are shenanigans like billions in BTC teleporting into wallets right before the attestation date and teleporting right out afterwards.

jmull 4y ago
I personally wouldn't transfer a dime into Binance, but demonstrating the ability to perform a transaction of a specific time, place, and amount isn't shenanigans.

anyfactor 4y ago

Even though I would like to casually watch a video on Binance but I am going to pass on that channel. That channel is defined by red backgrounds, down arrows and fire. I firmly believe that one should be open to every opinion as long as they have a built a good framework aka BS detector. I feel like this video is not going to be a casual watch for me and I am definitely not invested in Binance that much to fact check everything presented on that video.

RONROC 4y ago
sumtechguy 4y ago
That is an unfortunate side effect of the way YT is running its feed system and ad revenue sharing. A good amount of YT vid thumbnails have turned into clickbait.
snapcaster 4y ago
I tend to agree with you, but i'm also sympathetic to the youtubers trying to maximize their engagement since this style appears to be what does it
jmull 4y ago
I watched maybe a third of the video. It was truly awful. I think the overall conclusion is right -- that the Mazars report does not show Binance is sound -- but, wow, what an awful way to deliver it.