Post
Topic
Board Altcoin Discussion
Re: How can CEX's prove their solvency?
by
cryptoaddictchie
on 23/12/2022, 17:47:16 UTC
What I dont uderstands is, how can we know which tests will demonstrate the solvency of a centralized crypto exchange? Who is to say that funds cannot be shifted at any time, like SBF did from FTX to Alameda?
Not sure about proving it. But if the exchange says so then they could show and make a way how yo verify this process and investors and users can be able to confirm it. The thing is centralized exchange could did show iy however with their control of thr platform, anything is quite possible. Unless they put it in a decentralized manner.