Proof Of Reserves: May It Have Avoided The Ftx Meltdown?
In reality, the current Gate/Crypto.com switch was not actually a case of window dressing to cheat a PoR (although it was bizarre and puzzling). The reality is that proving asset possession means disclosing wallet addresses. If you needed to cheat a quarterly PoR by borrowing huge quantities, this is ready to be obviously visible on-chain. …
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