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Proof of Reserves: What It Means for Exchange Trust
Original Source: The Block Original URL: https://www.theblock.co/post/409524/proof-of-reserves-what-it-means-for-exchange-trust?utm_source=rss&utm_medium=rss Content: The Trust Deficit For most of the crypto industry’s history, users who deposited assets with an exchange simply trusted that the funds were there. FTX ended that complacency when it collapsed in 2022, with investigators finding that billions in customer deposits had been quietly diverted to its affiliated trading firm, leaving a shortfall of roughly […]
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