OKX, Kucoin say proof of reserves will be ready in a month

Cointelegraph

Published Nov 09, 2022 05:18PM ET

Updated Nov 09, 2022 07:00PM ET

In the wake of the FTX liquidity crisis, two major crypto exchanges have announced that they will provide Proof of Reserves, also known as Proof of Funds (PoF) within the next month.

In an official tweet, OKX stated “We're hiring Armanino for auditing & will publish an auditable Merkle POF asap.” The company then listed 23 BTC addresses and 13 Ethereum addresses containing some of the exchange’s reserves.

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