The event of the “Proof of Keys” has aimed against the
centralized exchanges is now happened on the 3rd of January by the Trace Mayer,
the bitcoin investor.
With respect to the Proof of Keys, it is necessarily a bank
which runs on the centralized exchanges, where the activists are merely called
to transfer and withdraw all their funds of cryptocurrency from the platform
and to simply keep its stored in the safe wallets of their own. The idea behind
that is that to make sure that the cryptocurrency will remain safe.
Mayer further says:
“What if some of these exchanges have been dipping into
customer assets because [it is easier] to make payroll […] than it is to fire
people?”
Some of the reports suggested that the HitBTC, which is the largest crypto exchange wallet is freezing out the users’ accounts so that they can’t withdrawal on the account of “proof of keys”. Some of the other crypto exchange which even includes the McAfree, wallet Biti and the Tuur Demeester, the largest entrepreneur.
But the HitBTC has withdrawn all the allegations from it. In
the comment, they clarify that there is no link between the account freezes and
any of the event which is going. He also revealed in an email:
“These temporary,
safety-related withdrawal freezing’s are a direct consequence of our
international KYC [Know Your Customer] and AML [Anti-Money Laundering]
measures… These rules exist and apply to us and everybody, 24 hours a day,
365 days of the year. Therefore, we do not turn off any security tools or
checks, ever. Not on regular days, and not on special days; including events
and flash mobs such as Proof of Key Day.”
Some of the American Economists also revealed in a report
that “the mother or father of all scams and bubbles,” has stated that
crypto is also more centralized than North Korea. Roubini said that crypto
decentralization is a “myth,” adding:
“…miners are centralized, exchanges are centralized, developers
are centralized dictators (Buterin is “dictator for life” ) & the
Gini inequality coefficient of Bitcoin is worse than North Korea.”
