Crypto Exchanges Gate.io and Crypto.com Appear to Be Faking Proof of Reserves! BitBoy Crypto advised community members to withdraw their tokens from the exchange. Adam Cochran highlighted that there were some gaps in Crypto.com’s proof of assets, that the CEO ought to address. Cochran continued that “the answer of “wait for our audit” isn’t good enough. If the assets are there, this should be fairly simple to point to even 80% of these assets to assure users in the meantime. Understand people have reason to be concerned and ask questions in this environment!” Popular Crypto influencer Ben Armstrong (BitBoy) said he was withdrawing all his assets from Crypto.com and advised others to do the same. According to him, the recent spate of events has taught him the importance of self-custody.
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