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Here's the Tweet that kicked off the latest Twitter thread where BitMEX shared this blog post:

[1/9] BitMEX’s New Privacy Preserving Proof Of Liability System Explained

Under the classic 2014 Maxwell scheme, liabilities can be arranged into a Merkle tree, with individual user account hashes as leaves. User balances are also provided in the tree & sum up to the total

https://i.postimg.cc/qMQHhxZq/image.jpg

https://twitter.com/BitMEXResearch/status/1598421938262646803 [Nitter]