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Join date : 2022-10-27
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FTX fall and proof of reserves  Empty FTX fall and proof of reserves

Mon Nov 21, 2022 1:26 pm
Following the fall of FTX, BAC states that the process of Proof of reserves that crypto companies have shown is unreliable and has many shortcomings due to its structure. FTX CEO, bought assets in the Bahamas using clients' reserves which were one of the major reasons the company blew up. What do you should be done forward since this incident caused a stir in the financial society and market makers?
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