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

Crypto.com, has revealed its audited Proof of Reserves, permitting customers to confirm that their crypto belongings are totally backed (1:1) on its platform, as introduced by the agency and its CEO, Kris Marszalek, on Dec. 9.

As promised, our audited Proof of Reserves.
Mazars Group, a good audit agency, confirmed that our on-chain reserves exceed buyer liabilities for all in-scope belongings and that we’ve full management over the wallets.
Customers can now confirm 1:1 backing cryptographically. https://t.co/rc9rDJGp9d
— Kris | Crypto.com (@kris) December 9, 2022

Audit, tax, and advisory agency Mazars Group verified the belongings held in on-chain addresses managed by Crypto.com with buyer balances by an auditor-supervised reside question of a manufacturing database on December 7, 2022, 00:00:00 UTC.

“Offering audited Proof of Reserves is a vital step for your entire trade to extend transparency and start the method of restoring belief,” mentioned Marszalek.

Following are the outcomes of the reserve ratios for main belongings:

It’s going to now be potential for customers with the Crypto.com App and Crypto.com Trade to verify belongings of their accounts are “responsibly backed and accessible,” in accordance with the Crypto.com

Journalist at CryptoSlate

Soumen is a devoted researcher and author within the area of cryptocurrencies, DeFi, NFTs, and GameFi tasks.

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