OKX declares $7.5B in liquid assets in proof-of-reserves report
According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges.
Search by tag: #proofofreserves
Nic Carter dives into proof-of-reserves, ranks exchange attestations
Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete.
Binance's proof-of-reserves raises red flags: Report
Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern.
Audit firm Mazars to verify KuCoin's Proof-of-Reserves
Mazars, the former accounting firm for Donald Trump's companies, was hired recently to audit Binance's PoR.
Binance proof-of-reserves is 'pointless without liabilities': Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.
Proof-of-reserves: Can reserve audits avoid another FTX-like moment?
Crypto exchanges are actively releasing proof-of-reserves audits in order to build transparency but experts believe it would take more than that to regain investor trust.
Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.