<ul><li>MicroStrategy's Michael Saylor warns against onchain proof-of-reserves for institutions, calling it a security risk.</li><li>Saylor argues that publishing wallet addresses makes companies vulnerable to tracing and security breaches.</li><li>Proof-of-reserves only show assets held, not liabilities owed to customers, according to Saylor.</li><li>Many crypto exchanges adopted proof-of-reserves for transparency after FTX collapsed in November 2022.</li></ul>

MicroStrategy CEO Says Proof-of-Reserves Create Security Risks for Bitcoin Companies

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