On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.”
Jesse Powell Stresses a ‘Proof of Reserves Audit Requires Cryptographic Proof of Client Balances and Wallet Control’
Kraken’s Jesse Powell has had a lot to say about the recent FTX collapse, as the exchange executive recently said the trading platform’s fallout was “a massive setback.” Powell has also been talking about the subject of proof-of-reserves (POR) in recent times as Kraken has been a member of Nic Carter’s proof-of-reserves list or “Wall of Fame” for quite some time. Kraken is noted to have “Full POR” and its described as “auditor-assisted, user validation with Me
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