US EditionSaylor Says Onchain Proof-of-Reserves a ‘Bad Idea’ Due to Security Risks
- On May 26, 2025, in Las Vegas, Michael Saylor, executive chair of Strategy, expressed concerns that institutions publicly disclosing on-chain proof-of-reserves could compromise security and thus should be approached with caution.
- He explained that exposing wallet addresses publicly increases attack vectors, endangering issuers, custodians, exchanges, and investors, especially after incidents like FTX and Mt. Gox.
- Saylor argued that on-chain proof-of-reserves weakens operational privacy, potentially enabling sophisticated attacks on large institutions holding significant Bitcoin assets.
- During the Bitcoin 2025 conference, he criticized the typical practice of revealing proof of reserves on-chain, describing it as insecure and cautioning that it poses significant security risks. He emphasized that this method is misguided and inadvisable for institutions to adopt.
- Saylor’s remarks sparked backlash from transparency advocates like WhalePanda, who urged the industry to pursue secure methods that balance assurance and asset safety for institutional crypto players.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.39 Articles
39 Articles
Ki Young Ju Calls Michael Saylor’s Bitcoin Financing Model A ‘Capital Markets Hack’
Strategy uses Wall Street tools to acquire over 580K BTC, now worth $63.5B. Ki Young Ju calls the model a liquidity-driven “capital markets hack.” Saylor rejects public proof-of-reserves, favors audits and explores ZK-proof solutions. CryptoQuant CEO Ki Young Ju has publicly referred to Michael Saylor’s method of acquiring Bitcoin through traditional financial instruments as a “hack” of U.S. capital markets. The comment, posted on X, followed St…
‘Bad Idea’ Be Damned: Arkham Maps Strategy’s Billion-Dollar Bitcoin Hoard
While Strategy founder Michael Saylor dismissed the idea of exposing the firm’s bitcoin wallet addresses as a “bad idea,” Arkham Intelligence appears to have done some digital sleuthing of its own. The firm now claims it has uncovered 87.5% of Strategy’s BTC trove onchain, after linking an additiona...
CoinStats - Ki Young Ju Calls Saylor’s Bitcoin Strategy a...
On May 28, Ki Young Ju, CEO of CryptoQuant, mentioned Saylor’s method as a “hack” of U.S. capital markets on his X post. He highlighted how Saylor redirected traditional market liquidity into Bitcoin through Strategy (formerly MicroStrategy), which now holds 580,250 BTC, worth over $63.5 billion. The firm purchased its latest 4,020 BTC for $427.1 million. Praised as a game-changing move, Saylor’s approach uses Wall Street tools to fund crypto ac…
Ki Young Ju Calls Saylor’s Bitcoin Strategy a Capital Markets Hack
On May 28, Ki Young Ju, CEO of CryptoQuant, mentioned Saylor’s method as a “hack” of U.S. capital markets on his X post. He highlighted how Saylor redirected traditional market liquidity into Bitcoin through Strategy (formerly MicroStrategy), which now holds 580,250 BTC, worth over $63.5 billion. The firm purchased its latest 4,020 BTC for $427.1 million. Saylor’s game-changing approach taps Wall Street tools to fund crypto accumulation. This me…
Michael Saylor’s Security Stance Shakes Crypto Transparency Talks
The post Michael Saylor’s Security Stance Shakes Crypto Transparency Talks appeared on BitcoinEthereumNews.com. Saylor rejects proof of reserves, citing security risks. Public wallet data exposes firms to cyberattacks. Strategy holds 576,230 BTC, worth $62.6 billion. At Bitcoin 2025, which took place in Las Vegas on May 26, Michael Saylor, in his capacity as executive chairman of Strategy, sparked controversy by expressing his opinion on proof…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
