KAKOPX Launches Proof of Reserves, Enhancing Crypto Asset Security
KAKOPX Exchange recently completed its latest proof of reserves audit. The results show an overall reserve coverage ratio of 116%, indicating that the total amount of on-chain custodial assets significantly exceeds the sum of all user account balances. This not only ensures the full redemption capability of KAKOPX, but also further consolidates its trust framework in fund security.
KAKOPX explained that its proof of reserves mechanism uses independent auditors to verify that all crypto assets held fully cover user account balances. The platform utilizes cryptographic verification, reviewing on-chain assets at designated time points, and employs technical methods to ensure no user account information is disclosed, achieving a balance between security and privacy.
Proof of reserves is only...