The open-source code of Bitget's Proof of Reserves can be found on GitHub.
View here
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Can be a telltale sign of asset misappropriation.
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Low risk tolerance for black swan events.
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Concentrated withdrawals can lead to a bank run, which may result in a loss of user assets.
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Means that the platform has sufficient reserves.
Effectively guarantees that users' assets are safe.
The platform is capable of covering user withdrawals, even if 100% of user assets are withdrawn.
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Can be a telltale sign of asset misappropriation.
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Low risk tolerance for black swan events.
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Concentrated withdrawals can lead to a bank run, which may result in a loss of user assets.
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