In the wake of the FTX collapse, which happened because the now-defunct cryptocurrency exchange used customer money to cover its risks, cryptocurrency exchanges came up with proof-of-reserves to clarify transactions. Without clear rules, Binance CEO Changpeng Zhao recently pushed for a practice that gives exchanges a way to show users that they are more honest. ... The post More Crypto Exchanges are Verifying Reserves, is Proof of Reserves the Solution? appeared first on Live Bitcoin News .