OKX In Progress Proof of Reserves After FTX “Typical Example”

Major exchanges have begun to strengthen user trust, led by the “big brother” Binance. OKX is announcing they are working on publishing Proof-of-Reverse with a third-party auditor.

The exchange is working with Nansen to verify portions of their reserves and wallet addresses, the announcement was made on Twitter.

It says that the portfolio in this dashboard is only part of the reserves.

FTX collapsed, and its consequences caused the companies involved to find solutions. Not only that, some reports suggest that FTX is trying to keep users’ funds when the exchange lost more than $600 million.

As Coincu reported, Bitfinex also recently announced Proof-of-Reverse.

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