TechFlow news — On May 29, OKX released its seventh Proof of Reserves (PoR) report, expanding the number of disclosed assets to 22, all with reserve ratios exceeding 100%. The reserve ratios for BTC, ETH, and USDT each stand at 103%, amounting to a total value of $10 billion. OKX has now upgraded its PoR system using zk-STARK technology, enabling users to independently verify the exchange's solvency at any time. OKX remains one of the few leading crypto exchanges in the industry to publish monthly proof-of-reserves reports.
Lennix Lai, Global Chief Commercial Officer at OKX, said: “Since late 2022, OKX has consistently published PoR reports, setting the highest standard for platform security and transparency in the industry. We will continue simplifying the use of zk-STARK technology and further enhance our proof-of-reserves system, which is essential for earning and maintaining user trust.”
