PoR ≠ Proof of Solvency

[encrypted]

Even with a PoR snapshot, exchanges can still be risky:

Liabilities can be incomplete (loans, derivatives, offchain payables).

Assets might be encumbered, lent, or illiquid.

Snapshots can be manipulated temporarily—borrowed to inflate balances and returned afterward.

Takeaway: PoR improves transparency but isn’t a full financial guarantee.

[nihalsari]

snapshot = transparency, not solvency, gotta keep that in mind before trusting blindly