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

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

Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com

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

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek, on Dec. 9.

Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com with customer balances through an auditor-supervised live query of a production database on December 7, 2022, 00:00:00 UTC.ย 

โ€œProviding audited Proof of Reserves is an important step for the entire industry to increase transparency and begin the process of restoring trust,โ€ said Marszalek.

Following are the results of the reserve ratios for major assets:

It will now be possible for users with the Crypto.com App and Crypto.com Exchange to confirm assets in their accounts are โ€œresponsibly backed and accessible,โ€ according to the Crypto.com

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