All crypto exchanges should do merkle-tree proof-of-reserves.
Banks run on fractional reserves.
Crypto exchanges should not.
@Binance will start to do proof-of-reserves soon. Full transparency.
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
I am not smart.
I am not good-looking.
I don’t have (fiat) money.
I am not good at most things.
I bond people together, even though I am bad at socializing too.
Thank you for your support and follow! 🙏🙏🙏