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Okay Proof of Reserves, But for Real This Time?

The Breakdown

00:00

Introduction

The fraud-driven collapse of FTX and Alameda research is, in my estimation, the worst single event in the crypto industry since its inception. Even though it was a share of overall crypto market cap, the impact may have been less in relative terms than Mt. Gox was. The fallout will be more significant. But let's see what the latest update from Nick is and we'll go from there.

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