🔐 SECURITY: Deribit is ending its daily public Proof of Reserves on Sept. 1 after moving ~90% of client assets into Coinbase custody arrangements.

The catch: regulatory reserve checks remain, but customers lose the daily Merkle-based verification they could perform themselves.

https://cryptoslate.com/deribit-moved-90-of-client-assets-to-coinbase-then-killed-its-daily-proof-of-reserves-check/

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