Crypto groups scramble to prove stable reserves as investor confidence slumps

Crypto groups scramble to prove stable reserves as investor confidence slumps

PHOTO: Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic

A number of cryptocurrency groups have said they will publish proof of their reserves in a bid to boost transparency and confidence in the digital asset industry after the near collapse of FTX, one of the largest exchanges.