📉 Only 47.3% of Exchange BTC Is Proven Backed! 🧐

According to River, out of the 2.4 million $BTC held on crypto exchanges, just 47.3% is verified through Proof of Reserves. That means over half of the Bitcoin claimed by platforms isn't transparently backed. ⚠️

🔍 Why it matters:

Proof of Reserves = audits proving exchanges actually hold the crypto they say

Without it, user funds could be at risk

Post-FTX, transparency is everything

💡 Not your keys, not your coins. Stick with trusted exchanges, and always double-check reserve audits.

#ProofOfReserves #CryptoSecurity #Bitcoin

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$INIT

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