Take note: anyone claiming to hold your funds without being able to prove exactly where those assets are stored? They probably don't actually have them.
This is non-negotiable when evaluating any platform or custodian. Whether it's an exchange, wallet provider, or any intermediary—demand transparency on fund custody. If the answer is vague, if they dodge the question, or if they can't produce concrete proof of reserves, that's your red flag.
The blockchain exists to solve this problem. Use it.
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ChainMaskedRider
· 9h ago
Honestly, only those who can prove the location of assets can be trusted; everything else is nonsense.
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4am_degen
· 22h ago
In simple terms, if you can't prove which platform your funds are on, don't get involved. The scam tactics are always the same.
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GasFeeVictim
· 22h ago
Really, if you can't see proof of reserves, don't touch it—it's the bottom line.
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DegenDreamer
· 22h ago
To put it simply, if you can't prove where the money is, don't touch that platform at all.
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just_another_wallet
· 22h ago
Basically, if you can't verify the asset location on the platform, don't touch it. There's nothing to negotiate about.
Take note: anyone claiming to hold your funds without being able to prove exactly where those assets are stored? They probably don't actually have them.
This is non-negotiable when evaluating any platform or custodian. Whether it's an exchange, wallet provider, or any intermediary—demand transparency on fund custody. If the answer is vague, if they dodge the question, or if they can't produce concrete proof of reserves, that's your red flag.
The blockchain exists to solve this problem. Use it.