Foresight News reports that Primus Labs tweeted about the recent Main Street incident, suggesting it should prompt the industry to reflect on the true meaning of "verification." The crypto space has long operated on a model of publishing reserve numbers and showcasing them on dashboards, with users expected to trust that the underlying assets are real as long as the market remains calm; this model often seems sufficient. Primus Labs pointed out that this incident is not just a reserve issue, but a visibility problem, as the market has discovered that the "reported numbers" and "verifiable reserves" are not the same thing. Once confidence relies on obtaining additional information from issuers, transparency ceases to be an inherent attribute of the system and instead becomes a collaborative relationship.

Primus Labs believes that verification should be cryptographic, continuous, and directly tied to the data source. It shouldn't depend on the issuer deciding whether to provide more info or on intermediaries interpreting data on behalf of users. This is also the core design philosophy behind their Proof of Reserves (PoR) product.

Primus Labs is a company focused on verifiable data infrastructure, aiming to provide verifiable data, behavior, and execution layer support for scenarios like AI Agents and DeFi. Their core tech direction is zkTLS and zkFHE. The company completed a $6.5 million Pre-seed + seed round in February 2025, led by Dispersion VC, Symbolic VC, and VanEck, with participation from institutions like Samsung Next, Alchemy, and Maelstrom Fund.