BTCC
/
BTCC Square
/
cryptodailyUK
/
Bybit Doubles Down on Trust: 24th Proof-of-Reserves Report Drops Amid Crypto Scrutiny
Bybit Doubles Down on Trust: 24th Proof-of-Reserves Report Drops Amid Crypto Scrutiny
16
3
Bybit just flexed its transparency muscles again—dropping its 24th consecutive proof-of-reserves report like a mic in a room full of sketchy offshore exchanges.
Why it matters: In a post-FTX world where 'trust us' doesn’t cut it, third-party audits are the new must-have accessory for crypto platforms. Even if Wall Street still thinks PoR reports are just fancy Excel sheets.
The big picture: While regulators scramble to play catch-up, Bybit’s move pressures rivals to show their cards—or risk looking like they’re hiding a Solana-level meltdown. No mercy for the opaque.
Bottom line: Another notch in Bybit’s belt for institutional credibility. Now if only traditional banks could pass a 1:1 reserve test without printing money...
By:
