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.
1) Hey all: I have a few announcements to make.
Things have come full circle, and FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for FTX.com (pending DD etc.).
Be a good ape! If you or your +1 can’t make it to ApeFest, please cancel the ticket to give waitlisted apes a chance to get it. Cancellations will still get access to the attendee-only merch store. Plus a little something to say thanks for watching out for your fellow apes 🧵
