Tag Archive

Proof of Reserves

Proof-of-reserves claims, limits, and custody transparency.

Archive Size

Canonical Slug

#proof-of-reserves

Archive State

Active

Latest Filing

FTX March 31 Payout: What $2.2B Actually Does Not Fix

FTX’s $2.2 billion March 31 payout is real, but it is not an on-chain BUSD repayment and it does not erase the custody failures that caused the collapse.

Stories filed under this tag.

2 articles

Dark technical illustration of the FTX Recovery Trust payout process, showing a $2.2 billion creditor distribution flowing through court-approved channels while highlighting the broken custody segregation and reserve gaps that caused the bankruptcy.

Web3 Fraud Files7 min read

FTX March 31 Payout: What $2.2B Actually Does Not Fix

FTX’s $2.2 billion March 31 payout is real, but it is not an on-chain BUSD repayment and it does not erase the custody failures that caused the collapse.

Marcus Bishop

Mar 29, 2026

Dark technical illustration of a crypto broker insolvency, showing frozen withdrawals, a gap between client balances and actual reserves, court-frozen bitcoin, and failed custody segregation controls.

Web3 Fraud Files7 min read

BlockFills Freeze: Why a $77M Gap Escaped Client Safeguards

BlockFills’ freeze and bankruptcy exposed a basic institutional failure: clients trusted a custodian they could not independently verify was actually segregating their assets.

Marcus Bishop

Mar 29, 2026