Community Trust ScoreVerified 91 % Real Verified 22 votesFour years after FTX imploded, crypto exchanges still can’t — or won’t — prove they’re solvent. Large exchanges don’t operate as a single legal entity. More context: Russias FSB Shuts 9 Unregistered Crypto Exchanges in Moscow Fraud BustThat ambiguity matters a lot during insolvency proceedings. Four years after FTX, the crypto industry still hasn’t landed on a unified standard for what exchanges must disclose, how often, and in what format. Frequently Asked Questions What is proof of reserves in crypto exchanges?