OKX released the seventh proof of reserves, with a total reserve value of BTC, ETH, and USDT reaching 10 billion USD

ChainCatcher news, OKX has released its seventh Proof of Reserves (PoR), with the number of publicly listed cryptocurrencies increasing to 22, and the reserve ratio exceeding 100% for all. The reserve ratios for BTC, ETH, and USDT are all 103%, with a total value reaching 10 billion USD. Currently, OKX has upgraded its PoR system using zk-STARK technology, allowing users to independently verify OKX's solvency at any time, making it one of the few mainstream crypto exchanges that publishes Proof of Reserves on a monthly basis.

Lennix Lai, Global Chief Business Officer of OKX, stated: "Since the end of 2022, OKX has continuously released PoR reports, setting the highest standards for platform security and transparency in the industry. We will simplify the usage of zk-STARK technology and continuously improve the Proof of Reserves system, which is essential for gaining and maintaining user trust." (Source link)