Binance holds $74.7 billion worth of crypto in its reserves and roughly 40% are in the firm's own tokens, report says

According to a report, 40% of the firm's holdings are in its own nativecryptocurrencies.

Changpeng Zhao said earlier this week that his firm would try to be more transparent and give the public proof-of-reserves in the wake of the downfall of FTX. Federal inquiries have been spurred by the fall of Sam Bankman- Fried's empire.

The report said that $23 billion was in BUSD and $6.4 billion in Binancecoin. The company had 9.8% in ether and 10.5% in the virtual currency.

The deal to takeover FTX fell apart less than a day after the due diligence began. Since the fall of FTX, only one firm has released its reserves data.

FTX filed for Chapter 11 bankruptcy on Friday, marking the downfall of one of the most visible CEOs in the industry.