@TheGuy 26 November 2022

Proof Of Reserve Or Proof of Joke! After FTX collapse every Centralised Exchanges like Binance were showing their balance sheet or financial reserve to let people know how much stable or backup they have incase something bad happens. But nobody tried to ask them about the one more thing which is hidden in their Proof Of Reserve. It's about the liabilities which they never disclose nor we ask them. Which I have talked about in the blog taken from the fresh example of FTX exchange. Now you can see Financial Reserve of Centralised Exchanges in coinmarketcap but this is again a white lie to gain trust of people. See how Proof Of Reserve is a joke on users like us. https://read.cash/@TheGuy/proof-of-joke-in-centralised-exchanges-d0f57261