releases its proof of reserves verified by Mazars Group, 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.

As promised, our audited Proof of Reserves.

Mazars Group, a reputable audit firm, confirmed that our on-chain reserves exceed customer liabilities for all in-scope assets and that we have full control over the wallets.

Users can now verify 1:1 backing cryptographically.

— Kris | (@kris) December 9, 2022

Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by 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 App and Exchange to confirm assets in their accounts are “responsibly backed and accessible,” according to the

Journalist at CryptoSlate

Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects.

Read Our Latest Market Report

Connect your wallet, trade with Orion Swap Widget.

Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.


Recommended For You

About the Author: wp4crypto

Leave a Reply

Your email address will not be published.