In addition, proof of liabilities is required to determine leverage and the safety of assets, and proof-of-reserve procedures often rely on third-party audit firms that can be manipulated or “may even be created by the trading platform itself,” the note added. And, even if users notice asset-liability mismatches, there is no stop button.
This Is (Hopefully) the Last CoinDesk Article to Mention Craig Wright
COPA, which is backed by Jack Dorsey and Coinbase, among others, put the question directly when it filed suit in...