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Just a quick word of advice about exchanges posting their proof of reserve. Be extremely careful!

All Cryptocurrencies

by COINS NEWS 118 Views

So i've seen exchanges racing to post their proof of reserve in order to be the good guys in this whole shitshow.

Well, just as an example, Crypto Dot Com posted theirs "for full transparency". But then they specified that they will only reveal reserves and not include the liabilities.

So.... i mean: it's kinda fucking pointless to post proof of reserve if you can't know if it actually covers their liabilities.

Tl;dr: get your money/crypto out of exchanges and learn to self custody, no matter what.

submitted by /u/The_Gabe_G
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