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Bybit Reports $17.3 Billion Proof of Reserves Covering 50 Assets With Noted Audit Limitations
(2 hours ago) · 1 source · Summarized by CryptoBipto
Bybit has published a proof of reserves report claiming $17.3 billion in assets across 50 cryptocurrencies. However, the audit comes with acknowledged limitations regarding the scope and methodology of the verification process.
WHY IT MATTERS
When you deposit money at a traditional bank, government insurance (like FDIC in the United States) protects your funds up to a certain amount.
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SOURCES
- newsbtc.com
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Proof of ReservesExchange TransparencyCrypto AuditsBybit
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