Hey Crypto Fam! 👋 Michael Saylor says onchain proof-of-reserves are a "bad idea" for institutions due to security risks. He thinks wallet address exposure outweighs transparency benefits. 🤔 #Bitcoin #CryptoSecurity #ProofOfReserves

Proof of Reserves shows that crypto exchanges and lenders have enough assets to cover all user balances.

It’s a way to prove they’re financially secure. Check out the public reserve lists of top crypto exchanges to see their assets in action!

#Crypto #ProofOfReserves #Cryptoexchnage #CryptoNews

🔝 #OKX releases its 9th consecutive Proof of Reserves report, reaffirming transparency and accountability. $11.3 billion in primary assets, including BTC, ETH, and USDT.

#ProofOfReserves #Crypto #CryptoNews

https://www.tronweekly.com/okxs-proof-of-reserves-reveals-11-3b-assets/

“Proof of reserve reports are inherently limited, and customers should exercise extreme caution when relying on them to conclude that there are sufficient assets to meet customer liabilities.” https://pcaobus.org/resources/information-for-investors/investor-advisories/investor-advisory-exercise-caution-with-third-party-verification-proof-of-reserve-reports
#cryptoassets #regulation #proofofreserves #PCAOB