Crypto.com releases its proof of reserves verified by Mazars Group

Do repost and rate:

Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek, on Dec. 9.

Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com with customer balances through an auditor-supervised live query of a production database on December 7, 2022, 00:00:00 UTC. 

“Providing audited Proof of Reserves is an important step for the entire industry to increase transparency and begin the process of restoring trust,” said Marszalek.

Following are the results of the reserve ratios for major assets:

It will now be possible for users with the Crypto.com App and Crypto.com Exchange to confirm assets in their accounts are “responsibly backed and accessible,” according to the Crypto.com

, , Exchanges

Read Our Latest Market Report

Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’

A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend.

James Van Straten · 3 days ago

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость