Proof-of-solvency systems are crucial for centralized exchanges (CEXs) to demonstrate their financial stability by showing their total liabilities and assets held in reserve. While cryptographic techniques like "proof of liabilities" (PoL) enable CEXs to pledge their total liabilities without exposing individual user data, deploying these systems poses challenges related to privacy, trust, and operational complexity. Centralized intermediaries find it difficult to prove solvency without lengthy audits, and the involvement of external parties introduces additional trust issues. However, decentralized oracle networks offer potential solutions by facilitating off-chain proof systems, minimizing trust, and coordinating tasks without centralized control. These oracles can store commitments, orchestrate user self-checks, and automate the triggering of checks, thus preventing manipulation and ensuring regular updates. Despite the benefits, challenges such as data freshness, completeness, and privacy must be addressed to make the proof-of-solvency systems robust and reliable. The role of oracles is pivotal in creating transparency around liabilities and could pave the way for industry standards, enhancing the integrity and trust in CEXs.