Binance outflows reached $6bn this week.

[{"selector":"#anim-a2b217a1-a26a-435b-807b-54c0f6a7dd20 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.122983774626626%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Mazars has ceased "proof of reserves" reporting as the crypto exchange fights a credibility crisis.

[{"selector":"#anim-e8e869d9-6228-45f8-b163-23045f8b5425 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.124912790551903%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Binance, which experienced withdrawals totaling $1 billion in a single day on Tuesday,

[{"selector":"#anim-ba110606-8bcc-46d5-8d8f-cb4d828ed9ea [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(49.52674289261611%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Following FTX's bankruptcy, is trying to reassure investors.

[{"selector":"#anim-85ffc059-4fe5-44b3-8fc9-f5b92034cff7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-39.4666988404697%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The exchange reported $6bn in net withdrawals between Monday and Wednesday on Friday.

[{"selector":"#anim-b6fd620d-15dd-470a-8dc0-84b89fa7b5eb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(41.51923076103094%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Mazars created "proof of reserves" reports for Binance, Crypto.com, and KuCoin.

[{"selector":"#anim-be878847-4c46-4fc4-a3cb-b67733f97dd7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-22.697802534361365%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The reports are less comprehensive than a standard audit of a company's accounts, including liabilities.

[{"selector":"#anim-c59191a3-6f1e-48d6-ac20-a1dc635febac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.001201531799037%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Binance called the Mazars report "further proof" that its assets exceeded its customer liabilities. Learn more