1 year ago
Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are afloat backed (1:1) connected its platform, arsenic announced by the steadfast and its CEO, Kris Marszalek, connected Dec. 9.
As promised, our audited Proof of Reserves.
Mazars Group, a reputable audit firm, confirmed that our on-chain reserves transcend lawsuit liabilities for each in-scope assets and that we person afloat power implicit the wallets.
Users tin present verify 1:1 backing cryptographically. https://t.co/rc9rDJGp9d
— Kris | Crypto.com (@kris) December 9, 2022
Audit, tax, and advisory steadfast Mazars Group verified the assets held successful on-chain addresses controlled by Crypto.com with lawsuit balances done an auditor-supervised unrecorded query of a accumulation database connected December 7, 2022, 00:00:00 UTC.
“Providing audited Proof of Reserves is an important measurement for the full manufacture to summation transparency and statesman the process of restoring trust,” said Marszalek.
Following are the results of the reserve ratios for large assets:
It volition present beryllium imaginable for users with the Crypto.com App and Crypto.com Exchange to corroborate assets successful their accounts are “responsibly backed and accessible,” according to the Crypto.com
The station Crypto.com releases its impervious of reserves verified by Mazars Group appeared archetypal connected CryptoSlate.
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