Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings

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In addition, proof of liabilities is required to determine leverage and the safety of assets, and proof-of-reserve procedures often rely on third-party audit firms that can be manipulated or “may even be created by the trading platform itself,” the note added. And, even if users notice asset-liability mismatches, there is no stop button.

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Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

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