FTX collapse leads exchanges to run audits to reassure investors3 min read . Updated: 18 Nov 2022, 01:04 AM IST
- Industry experts have welcomed the move, but also warned that a PoR audit is not foolproof
NEW DELHI : The collapse of FTX and the allegation that the crypto exchange misused customer assets worth $10 billion has prompted several exchanges, including some in India, to go ahead with proof-of-reserves (PoR) audits to become more transparent and reassure crypto investors that their assets held by the exchanges have not been misused or misplaced.
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