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As is known, traditional crypto exchanges will always keep the secret of the blockchain address holding and managing the wallet, controlling the customer's money. However, after the collapse of FTX in November 2022, this seems to have begun to change.
In an effort to improve transparency and combat fractional reserve practices, many exchanges have begun the process of self-reporting their crypto-currency reserves through Proof-of-Reserve. reserved).
*So what is Proof-of-Reserve? Find out with Welups here*
https://outsidetheblock.com/proof-of-reserves-la-gi.html
#welups #PoR #CEX #Blockchain #layer1
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