A customer opens an exchange account, copies a string of numbers and follows a path through a Merkle tree. The page processes the request and returns a reassuring result: the customer’s balance was included in the exchange’s proof of reserves. The verification is most likely technically sound, ...

Source: [CryptoSlate](https://cryptoslate.com/four-years-after-ftx-crypto-exchanges-still-prove-assets-without-proving-solvency/)

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