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FTX's horrific collapse, the worst single event ever in crypto, will linger for years and shows why the industry needs to get serious about proving reserves (Nic Carter/CoinDesk)

Photo of Grace Will Grace Will November 14, 2022
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FTX's horrific collapse, the worst single event ever in crypto, will linger for years and shows why the industry needs to get serious about proving reserves (Nic Carter/CoinDesk)
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Nic Carter / CoinDesk:

FTX’s horrific collapse, the worst single event ever in crypto, will linger for years and shows why the industry needs to get serious about proving reserves  —  Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.



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