February 22, 2024

Trace Mayer Calls for Repeat Proof of Keys in 2020

Trace Mayer Calls for Repeat Proof of Keys in 2020

Proof of Keys organizer Trace Meyer once again called on the community to abandonStorage of cryptocurrenciesthird-party services.

Bitcoin Knowledge's lead podcast, Trace Meyer, on his Twitter account, has called for the Proof of Keys event to be held annually and repeat the event on January 3, 2020.

Mayer launched an information campaign, urging as many traders as possible to withdraw all crypto assets from exchanges to wallets that they controlThe promotion should be held under the slogan "Not your keys, not your bitcoins" 

According to Mayer, such a coordinated withdrawal of user funds from exchanges will proveSuch an audit will cost users "several additional transaction fees." 

The Proof of Keys campaign, which started on January 3 this year, showed that exchanges still have problems with the withdrawal of funds and falsify their trading volume for advertising purposes.

Supporting my determination to host an eventProof of Keys after 60 days, Trace Meyer indicated several exchanges that have lost user funds or have problems due to various factors, including questionable business practices, etc. QuadrigaCX, Mt. Gox and Bitfinex.