Proof of Reserves – DIGIT INFO

Saylor Slams Proof-of-Reserves: ‘It’s Like Publishing Your Kids’ Bank Accounts’

DIGIT — Tue, 27 May 2025 17:05:43 +0000

Warming up for the Bitcoin 2025 conference in Las Vegas, Strategy founder Michael Saylor was asked to weigh in on the concept of proof-of-reserves. Saylor didn’t mince words, dismissing the idea entirely by stating it “dilutes the security” and calling it a flat-out “bad idea.” Saylor’s ‘Bad Idea’ Comment on Reserve Transparency Ignites Crypto Clash […]

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Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets

DIGIT — Tue, 05 Nov 2024 10:30:47 +0000

Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in […]

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Coinbase to add proof of reserves to Bitcoin wrapper cbBTC

DIGIT — Mon, 30 Sep 2024 20:21:57 +0000

Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.

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Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend

DIGIT — Sun, 25 Aug 2024 14:20:57 +0000

Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]

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WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH

DIGIT — Fri, 19 Jul 2024 05:11:10 +0000

Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.

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Bitget reports $700M capital inflow in Q2, adds 2.9M users

DIGIT — Thu, 11 Jul 2024 11:35:15 +0000

The exchange reported that its BTC, USDT, and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter.

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Bybit CEO refutes insolvency rumors, shares proof-of-reserves

DIGIT — Thu, 23 May 2024 09:08:26 +0000

Ben Zhou shared a post on X, clarifying that none of the rumors have “any real facts” supporting them.

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Bitget reserves top $1.44B, claims to be debt free

DIGIT — Thu, 13 Jul 2023 13:00:00 +0000

The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report.

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Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

DIGIT — Thu, 18 May 2023 05:30:37 +0000

Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry participants have said many crypto firms are not audited because the […]

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Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

DIGIT — Tue, 28 Mar 2023 06:00:21 +0000

After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the […]

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