They want to do that, pending what the bankruptcy court would decide which they have no power to influence. Like the Kraken ToS. > Ownership. Title to Digital

They want to do that, pending what the bankruptcy court would decide which they have no power to influence. Like the Kraken ToS. > Ownership. Title to Digital Assets shall at all times remain with you and shall not transfer to Payward, except as provided herein. All interests in Digital Assets we hold for Kraken Accounts are held for customers, are not property of Payward. As the owner of Digital Assets in your Kraken Account, you bear all risk of loss of such Digital Assets. None of the Digital Assets in your Kraken Account are the property of Payward. Payward does not represent or treat assets in your Kraken Account as belonging to Payward. However, a court may disagree with Payward’s treatment of your assets and subject them to claims of Payward’s creditors. https://www.kraken.com/legal https://www.kraken.com/legal Which means that the current fad of "proof of reserves" means absolutely nothing without the liabilities side, both customer accounts and for the company itself.