Take note: anyone claiming to hold your funds without being able to prove exactly where those assets are stored? They probably don't actually have them.
This is non-negotiable when evaluating any platform or custodian. Whether it's an exchange, wallet provider, or any intermediary—demand transparency on fund custody. If the answer is vague, if they dodge the question, or if they can't produce concrete proof of reserves, that's your red flag.
The blockchain exists to solve this problem. Use it.
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VitaliksTwin
· 12-13 12:11
Honestly, I won't touch any platform where I can't prove where the money is. In the end, we small investors are the ones who suffer.
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ChainMaskedRider
· 12-12 23:40
Honestly, only those who can prove the location of assets can be trusted; everything else is nonsense.
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4am_degen
· 12-12 10:53
In simple terms, if you can't prove which platform your funds are on, don't get involved. The scam tactics are always the same.
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GasFeeVictim
· 12-12 10:53
Really, if you can't see proof of reserves, don't touch it—it's the bottom line.
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DegenDreamer
· 12-12 10:48
To put it simply, if you can't prove where the money is, don't touch that platform at all.
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just_another_wallet
· 12-12 10:28
Basically, if you can't verify the asset location on the platform, don't touch it. There's nothing to negotiate about.
Take note: anyone claiming to hold your funds without being able to prove exactly where those assets are stored? They probably don't actually have them.
This is non-negotiable when evaluating any platform or custodian. Whether it's an exchange, wallet provider, or any intermediary—demand transparency on fund custody. If the answer is vague, if they dodge the question, or if they can't produce concrete proof of reserves, that's your red flag.
The blockchain exists to solve this problem. Use it.