proof of reserves are one piece of due diligence, liabilities still need to be audited

if the public had demanded ftx publish proof of reserves it would have been obvious they had way less bitcoin than they said they did even without proof of liabilities

anyway, im not complaining, there will be plenty of mstr competitors that publish proof of reserves, metaplanet already does, he will likely do it to as well to compete and individuals can always buy real bitcoin directly instead