Reservations About Proof of Reserves

Austin Campbell
5 min readJan 20, 2023
Photo by Evan Dennis on Unsplash

Proof of Reserves has become all the rage in the wake of FTX’s collapse. For instance, just today, Coindesk is out with an article detailing the proof of reserve efforts of OKX.

I’ve previously criticized the crypto community for failing to professionalize their conduct; the proof of reserves push is yet another half-baked and half-assed solution to a problem that is not being adequately addressed.

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Austin Campbell

Austin is a Columbia Business School professor, has run one of the top 3 stablecoins, and has decades of experience trading profoundly weird financial stuff