📊 LATEST: Just 47.3% of 2.4M BTC on Exchanges Has Proof of Reserves — River 🔍🪙
According to new data from River, only 47.3% of the 2.4 million BTC currently held on exchanges is backed by Proof of Reserves (PoR) — leaving over 1.2 million BTC unverified. 🛑📦
This raises ongoing concerns about transparency, custody risk, and whether certain platforms are operating with full solvency.
🔐 In a post-FTX world, trust without on-chain proof is no longer enough.