Crypto’s Proof of Reserves: A Path to Rebuilding Trust

Three years after the FTX collapse, the crypto industry must prioritize transparency to rebuild trust in its systems. The idea behind proof of reserves (PoR) is simple: exchanges can demonstrate that customer balances are backed one-to-one by actual assets held in reserve through transparent, on-chain audits. This was a critical lifeline after FTX and remains a key tool for ensuring accountability.