Back again with another thread, on #CDC this time!
Crypto.com's cold wallet - $230m in literal #SHITCOINS#SHIB, $70m in #DOGE, some tether, the rest is also shit I've mostly never heard of. But hey, they will be fine.
(2) “So in a few weeks you think you will have 1:1 reserve to liabilities!” This means you cannot confirm it now, which is generally your job. Not confirming that you have more assets than liabilities makes me consider that you just don’t!
(3) Crypto Dot Kaboom, you call that Proof of Reserves? But hey, they say they will be fine. 😎
Proof of Reserves means you show both sides of the book: assets + liabilities. You showed us all only your assets, and they are not a pretty picture for a stadium-owning company.