#exchanges #verified

‼️Breaking: Only 47.3% of the 2.4 million $BTC held on exchanges (1.13 million BTC) have verified proof of reserves, according to the latest data from River.

📊This means that 1.27 million $BTC remain unverified — a situation reminiscent of the 2023 NBER study, which found that 70% of exchanges do not undergo a reliable audit.

💹Binance and Coinbase are leading the way in implementing PoR (Proof of Reserves), while KuCoin and HTX lag significantly behind, which exacerbates the trust deficit amid the crisis following the FTX collapse. In such conditions, the golden rule of the crypto community remains relevant: “not your keys, not your crypto.”