🧾 After the Binance attack, exchanges are touting cold storage ratios, per Cointelegraph. CryptoSlate says Gate boasts 104% cold reserve coverage, but separate snapshot dates raise red flags.
How to read any proof of reserves:
1️⃣ Are assets and liabilities taken on the same date?
2️⃣ Can you verify your own balance yourself?
3️⃣ Does it list every token, not just the big ones?
4️⃣ A ratio is a claim, an audit is a check
Comment ✅ if you now check the snapshot date before trusting a reserve number 👇
$BNB $BTC #BinanceSquare #WriteToEarn
How to read any proof of reserves:
1️⃣ Are assets and liabilities taken on the same date?
2️⃣ Can you verify your own balance yourself?
3️⃣ Does it list every token, not just the big ones?
4️⃣ A ratio is a claim, an audit is a check
Comment ✅ if you now check the snapshot date before trusting a reserve number 👇
$BNB $BTC #BinanceSquare #WriteToEarn
