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Binance proof of reserves is ‘pointless without liabilities:’ Kraken CEO

According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s cont...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Binance proof of reserves is ‘pointless without liabilities:’ Kraken CEO

According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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