TechFlow reports on September 29 that FTX Japan Chief Operating Officer Seth Melamed announced via social media that FTX Japan will provide a Proof of Solvency (PoS), offering tamper-proof and verifiable proof demonstrating the assets customers have deposited into its exchange.
Seth Melamed stated that FTX Japan strictly manages customer assets separately in compliance with relevant laws and regulations. By introducing Proof of Solvency, the company will utilize cryptographic techniques such as zero-knowledge proofs to verify asset status, with results recorded on the blockchain. This will allow customers to verify the management status of their assets. The Proof of Solvency service will apply to all users of both FTX Japan and Liquid Japan platforms. Going forward, detailed Proof of Solvency data from FTX Japan will be published weekly on the Ethereum blockchain.
