Exchanges Are Revealing Their “Proof of Reserves” but There Is a Way to Cheat
Proof of Reserve is one of the two variables in the Proof of Solvency equation. PoR only paints half of the picture, whereas disclosing an exchange’s liabilities gives a fair idea of the exchange’s status.
Learning from the Pain：What CEX Can Do to Prove Innocence and Improve the Security of Funds
The trust of users on CEXs has so worn out that withdrawals are made at an unprecedented level. In order to retain users and funds, CEXs released proof of reserve to prove innocence.
Cryptocurrency Exchanges and Proof of Reserves (POR): Why It is Important?
In a year where volatility has been the new normal, traders and exchanges in the crypto industry have felt their fair share of turbulence. From FTX’s unfortunate bankruptcy announcement to Proof taking center stage — trust within this space is at an all-time low.
Bybit Released Proof of Reserves, Allowing Users to Verify Assets in Exchange
Users can verify the balance of their assets in exchange, balance and ownership of the wallet addresses, the reserve ratio, verification of wallet ownership
