Quote from: WatChe on December 10, 2022, 12:01:03 PM

Quote from: UmerIdrees on December 10, 2022, 07:36:32 AM

Kia bola ? App ka sara fund binance p pertha hua hay ? Kion ? App ko pata ni k haal hi mein FTX exchange nay scam ki hay aur binance hi centralzie exchange hay. App ko chayee k apna fund binance c nikal k decentralzied wallets mein shift ker lein.

Logon ka confidence gain krna ky lea exchanges na proof of reserves ka concept introduce krya hy. Jiska matlab hy ky ap check kr saqta hn ky exchange ky pass jitni crypto hy kya waqai uske backing py liquidity hy ya nhi. Proof of reserves ko third party audit bhe krti hy. Ya

Proof of reserves acha initiative hay but Industry leaders kethay hein k yeh enough ni hay. Kion k zada tar exchanges apnay proof of reserves (jitna fund un k pass hay) woh show tu kerti hein lekin woh apni liabilities show ni kertien jis ki wajah c prrof of reserve ki figture i koi khas importance ni rethi.

Quote

Centralized exchanges can try to manipulate their proof of reserves, and to date, exchanges have largely withheld other critical information such as their total liabilities. Without an accompanying breakdown of liabilities, an exchanges proof of reserves alone is insufficient.

Proof of Reserves Is A Hoax, Says Crypto Industry Leaders

Doorsi baat yeh k exchanges try to manipulate things jaisay k Houbi exchange nay apna proof of reserve ka snapshot aur phir sath apny funds move kr diey, mutlab doookha dia.

Quote

At the time of the snapshot, a total of 14,858 ETH was held in the wallet. Just two minutes after, the 10,000 ETH in question was moved out of the wallet.

Huobi addresses concerns raised surrounding fake reserves snapshot