Jesse Powell

@jespow ↗

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Last Checked April 3, 2023

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Sun Dec 18 00:59:09 +0000 2022

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Jesse Powell @jespow

@CryptoHitmann @binance @cz_binance tbf, if you are supposed to have > $60b, $10b isn’t a great test. Fudding is fueled by repeated attempts to mislead and misdirect. Easiest thing to do would just be perform a PoR. If that can’t be done, saying nothing would be better than putting out fake PoRs. — PolitiTweet.org

Posted Dec. 18, 2022

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Jesse Powell @jespow

@cer_live @binance @okx @krakenfx @gate_io @BitMEX Source? Saying you did an “audit” is not the same as actually doing a PoR. The company doing these fake AUPs just took down their site in disgrace after it was shown to be horribly flawed. Proof of Reserves means something more than making a list of favorite wallets. — PolitiTweet.org

Posted Dec. 18, 2022

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Jesse Powell @jespow

@nic__carter I believe it is wrong (and dangerous) to give a custodian credit for something they haven't done. You've got some of these wrong. I have not seen any PoR facilitated by Mazars. I have seen a few AUPs but those are extremely flawed and worthless. More here: https://t.co/01yReWJzxA — PolitiTweet.org

Another misleading "PoR" AUP (not an audit) released today. Apparently, there is no consistent process used across… https://t.co/shavnJBRFO

Posted Dec. 18, 2022