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Disclaimer: This is an opinion. I recommend ppl remove funds from ANY exchange until things settle, better be safe then sorry. Some of the biggest exchanges recommended the same on the space. This applies to ALL exchanges
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Some points on verifying CEX liabilities: - Obtain a list of creditors several years - Perform monthly analysis for monthly spikes - Analyze movements, for understated liabilities in CY - Verify debtors of one entity against creditors of the counterparty - Multilateral netting twitter.com/S4mmyEth/statu…
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Centralized exchanges need Proof of Reserves ("PoR"). They should NOT be doing fractional reserves. I've collated a master 🧵to have central repository of info for people to verify whether their CEX held balances are "SAFU".👇 Please add updates. #ProofofReserves
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