What if exchanges start/already are lying about their bitcoin holdings (the same way traditional banks just keep 10% cash) under assumption that majority of people keep their coins in their hot wallet anyway and only a fraction transfers to cold wallets?
Proof of solvency will come with increased regulation
>>3297318
But right now there is no regulation. It could be a huge scam city.
>>3297343
Yes there is. They also get audited (well, liqui doesn't)