๐จ Could Another FTX-Style Collapse Happen?
The 2022 FTX crash changed the crypto industry forever. After the collapse, Proof of Reserves (PoR) became an important transparency tool for exchanges.
Binance publicly provides reserve data, allowing users to monitor the assets held by the exchange.
The key lesson: Donโt rely on trust alone. Transparency, reserves, and risk management matter.
#Binance #Crypto #Bitcoin #FTX #ProofOfReserves
$BTC
$SPCXB
$XRP
The 2022 FTX crash changed the crypto industry forever. After the collapse, Proof of Reserves (PoR) became an important transparency tool for exchanges.
Binance publicly provides reserve data, allowing users to monitor the assets held by the exchange.
The key lesson: Donโt rely on trust alone. Transparency, reserves, and risk management matter.
#Binance #Crypto #Bitcoin #FTX #ProofOfReserves
$BTC
$SPCXB
$XRP