Proof of Reserves Isn't a 'Panacea' for Future FTX-Like Collapses, Industry Leaders Caution

Proof of Reserves Isn't a 'Panacea' for Future FTX-Like Collapses, Industry Leaders Caution


Decrypt
2022-11-17 22:29:25

Following the epic meltdown of one of the biggest players in crypto, some within the industry are calling for “proof of reserves” to provide greater transparency—but it has its limitations.