No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios

[newshunter]

No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios

The firms work with prominent crypto exchanges such as Binance, KuCoin, Crypto.com, Gate.io, OKX and FTX. 

Source: No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios

Would appreciate your opinion about this

[Citysatoshi]

The proposed proof of reserves check is meant to guarantee investors confidence but the manner at some CEX exchanges are going about it may not stand the text of time, some authors who did contracted by certain CEX exchanges for the proof of reserves checks could not carry out the exercises, unfortunately, no concrete reason we’re giving. I think that the crypto exchanges may get these audit organized in near because it is like there may not be trust on the exercise on the current conditions of the FTX saga. I think there may be some sentiment being playing out, in my opinion.

[Heitor_55]

The proposed proof of reserves check is meant to guarantee investors confidence but the manner at some CEX exchanges are going about it may not stand the text of time, some authors who did contracted by certain CEX exchanges for the proof of reserves checks could not carry out the exercises, unfortunately, no concrete reason we’re giving. I think that the crypto exchanges may get these audit organized in near because it is like there may not be trust on the exercise on the current conditions of the FTX saga. I think there may be some sentiment being playing out, in my opinion.

yes i do agree with the statement.

[Dori Log]

 :)Web 3.0 or Web3 is the third generation of the World Wide Web. Currently a work in progress, it is a vision of a decentralized and open Web with greater utility for its users.