Dogecoin Developer Advice Users to Withdraw Funds from Huobi
This call comes amidst escalating concerns about Huobi ’s solvency, raising questions about the efficacy of widely accepted concepts such as proof-of-reserves as an indicator of an exchange’s financial health. advertisement Doubts Over Huobi’s Proof-of-Reserves At the heart of this unexpected turn of events lies a critical evaluation of the proof-of-reserves concept. Traditionally, exchanges have relied on this concept to demonstrate their financial robustness and reassure their investors and customers. However, Mishaboar’s cautionary words have thrown a spotlight on the limitations of this practice. The Dogecoin advocate argued that proof-of-reserves, while widely touted as a measure of financial health, can be misleading and may not paint an accurate picture of an exchange’s liabilities. There have been doubts about reserves at Huobi for a while. Recommended Articles ...