Doesn’t this just mean that 20% of customer assets are in SHIB? I meant that’s depressing to learn, but that’s the customers’ problem and not the exchange’s if so.
People were defending FTX after the acquisition announcement was made here and a whole bunch of people were calling foul on the article linked the day before which said that FTX was insolvent.
Is Crypto.com a lender? That's not what this discussion is about, that's not what Proof of Reserves are about. The folly comes from using collateral, not having assets at all.