CryptoCom shared the information of some cold wallet addresses while continuing the preparations for proof of reserve.
After the liquidity crisis experienced by FTX this week, crypto companies started to make statements about their reserves to put their customers at ease. Particularly, the issue of “transparency” started to come to the fore in large stock exchanges. Crypto exchange Crypto.com also shared some of its holdings in preparation for proof of reserve.
Crypto.com Announces Preparing Proof of Reserve
Crypto.com shared the cold wallet address information of some of the prominent assets on the platform as it continues its proof-of-reserve preparations.
Kris Marszalek, CEO of Crypto.com, said on Twitter, “We plan to share fully audited proof of reserve in the next few weeks. Thus, we will prove that all our assets are supported by our reserves at a ratio of 1:1.” made a statement.
While the Proof of Reserves audit preparation is underway, we are sharing our cold wallet addresses for some of the top assets on our platform.
This represents only a portion of our reserves: about 53,024 BTC, 391,564 ETH, and combined with other assets for a total of ~US$ 3.0b
— Kris | Crypto.com (@kris) November 11, 2022
- According to the post, some of the reserves held by crypto company Crypto.com are as follows:
53,024 BTC (about $915,744,600.00),
391,564 ETH, (approximately $498,661,850.00),
The company’s total asset value is $3 billion.
“You can expect the company to continue to operate in a spirit of full transparency, remaining a stable and secure platform,” Kris said in the continuation of the tweet chain.
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