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Crypto Investors, Beware: Proof Of Reserve Audits Don't Prove Anything, SEC Warns
Friday, December 23, 2022 - 1:18pm | 369Cryptocurrency companies have been publishing audits, or so-called proof-of-reserve reports, to gain investor confidence on the heels of the FTX collapse. But the U.S. Securities and Exchange Commission (SEC) says investors should take those reports with a grain of salt. “Investors should not...