octopus leads "Proof of reserve" one
Crypto exchange Kraken wants to prove to its customers that their deposited funds are safe. For this purpose, the Exchange introduces an independent verification option with “Proof of Reserves”.
It happens again and again that crypto exchanges fall victim to large-scale hacks. This also has a major impact on the crypto holdings of the users of the respective platform. In addition to a hack, however, the concern of fraud by the Exchange is not unfounded. After all, these are crypto exchanges that are unregulated in many countries and have no deposit insurance. Among the biggest…
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