> this is a HUGE problem for PoS The problem of exchanges not keeping proper liquid reserves has nothing to do with PoS. If they stake customer ETH without per

> this is a HUGE problem for PoS The problem of exchanges not keeping proper liquid reserves has nothing to do with PoS. If they stake customer ETH without permission, that ETH leaves their full custody and therefore they are lying to their customers about their reserves, and operating a fractional reserve scheme. Since the cryptocurrency "big bang" in 2009, it's always been the case that you have to trust your exchange not to run away with your deposits, because they can show you whatever balance they want on your screen regardless of how many coins they actually own on the back-end.