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breaking: kraken’s proof of reserves audit reveals industry-leading transparency and security measures, setting a new standard for crypto exchanges 🔒🔍
yo, kraken out here flexing their proof of reserves 🚀🔒 got them big boy assets like BTC, ETH, SOL,
This robust commitment to Proof of Reserves by Kraken underscores the platform’s dedication to transparency and customer trust: leveraging cryptographic processes, Merkle trees,
At Kraken, transparency is not just a slogan – it’s a standard. Our latest Proof of Reserves (POR) Audit, finalized on June 30, 2025, ensures customer assets on our platform are backed 1:1 and beyond, covering major cryptocurrencies like BTC, ETH, SOL, USDC, USDT, XRP, and ADA. We provide cryptographic evidence for verification. POR captures a comprehensive snapshot of customer assets, including Margin accounts, long-term assets, and active milestones, offering a holistic view.
Proof of reserves is a cryptographic process allowing customers to privately verify their assets are included in audits without revealing personal details. Kraken uses a Merkle tree to combine sales into a cryptographic hash, providing customers with a personalized Merkle Proof. An independent auditor confirms Kraken’s on-chain holdings exceed total customer sales, ensuring complete reserve verification. Kraken’s POR stands out for considering liabilities, enabling user verification, and maintaining a decade of consistency.
Kraken commits to quarterly POR releases, enhancing transparency and expanding the scope to cover more supported assets. Transparency, responsibility, and independence are core values at Kraken, setting a standard for the industry. Visit our proof of reserves portal for account verification. Source link:
Kraken publishes the last proof of reservations, continuing our commitment to trust by transparency
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