What's interesting this time around is Kraken has fully bought into audits and cryptographic proof of reserves (complete with sample Python code to verify your account balance is included in the proof tree).

https://www.kraken.com/proof-of-reserves

https://proof-of-reserves.trustexplorer.io/clients/kraken

If there's any crypto company out there that "gets it" and is doing things right, it's them. The SEC is going after the big one this time. I can't wait to see how it shakes out.