📉 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.