Beware of those rushing to redefine #ProofOfReserves and create consumer confusion. True Proof of Reserves is an audit of liabilities + assets. Publishing a list of wallets which may or may not be controlled by you is not #PoR. @KrakenFX completed 2 PoR audits in the past year.
@Krakenfx's total exposure to other crypto businesses is ~$1m, which is simply the sum of OTC desk's balances at other venues. We operate our own custody and staking. We've been in contact with our traditional fiat banking partners this week and feel confident in their solvency.