Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.
Post from: Cointelegraph.com News
Tags: Kraken, Binance, Changpeng Zhao, Jesse Powell