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Kraken Passes Cryptographically Verifiable Proof of Reserves Audit
- sillysaurus3 13y agoThis is a step in the right direction, but unfortunately any exchange can die at any time due to massive theft. An exchange is fine till it isn't, and customers will always end up screwed. I've been trying to think of solutions to this, but the best I've thought of so far is some kind of insurance, which is currently cost prohibitive.
- bdr 13y agoTheft is also addressable with cryptography, using multi-signature transactions.