Users will also be able to self-verify on-chain assets, as well as download their new and historical data from OKX.
warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.”
In a Dec. 22 interview with The Wall Street Journal, the SEC’s acting chief accountant, Paul Munter, shared that the results of these audits aren’t necessarily an indicator that the company is in a good financial position. According to him, proof-of-reserves reports by exchanges “lack” sufficient information for stakeholders to determine whether the company has enough assets to meet its liabilities.
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