Friday, June 14, 2024

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

by Jeremy

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

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

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

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

It’ll now be attainable for customers with the Crypto.com App and Crypto.com Change to verify property of their accounts are “responsibly backed and accessible,” in response to the Crypto.com

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