Auditor Mazars reported that Binance’s bitcoin reserves are 101% secured

Auditor Mazars released a report claiming that Binance customers’ bitcoin reserves are over-secured.“At the time of the assessment, Mazars found that the assets controlled by Binance exceeded 100% of their total liabilities on the platform,” the document said.According to the auditor, the collateral for liabilities is 101%.A snapshot of the reserves was taken on November 22.