Post
Topic
Board Trading Discussion
Re: Are exchanges evading proof of reserves unsafe for users?
by
Vivageneviv
on 04/08/2023, 13:43:07 UTC
I learnt that Bitget has provided its own user protection fund  wallet addresses information to the public to always view. This recent wake up call to strengthening the security of users asset is in response to FTX saga and several news of security exploitation. It will soon evolve into solid structure that will bring sanity into this space.
This is what makes the difference really, it's never enough to release proof of funds but are they verifiable? I feel safer when these exchanges go the extra mile to provide this information to the public to actually audit them.