Crypto exchange OKX has released a Proof of Reserves page that allows users to audit its reserves to make sure it is solvent.
This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog.
Don’t trust, verify → OKX Proof of Reserves (PoR) is LIVE. To set a new standard of transparency, risk management and user protection, we’re launching our first PoR.
You can now verify your assets are backed 1:1 on #OKX ⤵️Details The Proof of Reserves page offers two different options for users to audit the exchange’s reserves.Read more on cointelegraph.com