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Proof of reserves is becoming more effective, but not all its challenges are technical

The difference between proof of assets and proof of reserves was pointed out quickly, along with their deficiencies by themselves. Traditional auditors’ attempts at providing PoR were soon frustrated, with major firms stepping up and quickly retreating.

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Source: Cryptocurrency - investing.com

Year in a word: Polycrisis

Sam Bankman-Fried denies moving funds from Alameda wallets