There is actually one good thing we got out of this crash: Other centralized Exchanges rushing for proof-of-reserves to gain trust.

The FTX debacle has just cost countless users a ton of money and to sump it up probably billions of dollars of customers deposits were just misused by FTX with no way to pay them all back if needed. That's even something SBF acknowledged in his poorly written apology on Twitter. They clearly never had the capacity to pay out all assets, so it was truly the case of not your keys not your crypto.

But now out of all that mess we have got one good improvement as we usually get from every crisis. Out of crisis follows change. And now the big change is to audit your reserves and actually make the user aware that there is enough assets around to pay the user out at any time.

Here is a list of some big exchanges doing that:

1. Binance, directly announced it and have said to conclude a complete POR by a few weeks. (talks of just fractional reserves are emerging but also got logically debunked so far)

2. Crypto.com just joined too for a POR, going to be interesting here as CRO was seen in some troubles lately.

3. OKX, OKX has also said to give $1b to FTX for their fundraising soon.

Last but not least at all, Kraken has already doing it for a while now.

So obviously Proof-of-reserve has become a big concept to gain trust from the user. But how can we be sure that it's 100% true? Exchanges should in the best case have a regular audit done by third-parties. That's my opinion.