News for hackers. Stuff that matters.

A comment on U.S. FDIC tells Signature crypto clients to close accounts by April 5. Parent comment

Re:U.S. FDIC tells Signature crypto clients to close account... by medellin on Wednesday March 29, 2023 @12:09AM (#35352396)
So the one cool thing with crypto is that you can actually verify it. Hopefully proof of reserve will become a requirement in the future to operate an exchange
[ Parent | on HN ]
Re:U.S. FDIC tells Signature crypto clients to close account... by bmitc on Wednesday March 29, 2023 @01:56AM (#35353187)
Schwab is a brokerage in addition to a bank. They are scrutinized infinitely more than any crypto exchange I known of.

Most crypto statements can be suffixed with "in theory".

[ Parent | on HN ]
Re:U.S. FDIC tells Signature crypto clients to close account... by medellin on Wednesday March 29, 2023 @11:28AM (#35358661)
Kraken is the only that I currently know of but i think the process for it could be improved still https://www.kraken.com/proof-of-reserves
[ Parent | on HN ]