Bitfinex discloses reserves

Bitfinex’s chief technology officer Paolo Ardoino has shared details of the exchange’s hot and cold wallet balances. The estimated value of the platform’s reserves surpassed $5 billion.

2/@bitfinex also developed in the past an opensource library called Antani: Proof of Solvency, Custody and Off-chain Delegated Proof of Vote.https://t.co/X1FdivnwUF
We plan to revive it and have a way for users to crpyographically verify their balances respecting their privacy.

— Paolo Ardoino 🍐 (@paoloardoino/status/1591149105279307776?ref_src=twsrc%5Etfw)

According to Ardoino, Bitfinex stores the following:

• 204,338 BTC ($3.44 billion at the time of writing);
• 2018.5 L-BTC ($34 million);
• approximately 1,000 BTC on Lightning Network ($16.8 million);
• 1,225,600 ETH ($1.54 billion).

Ardoino also reminded readers of the open-source Antani library, created by the exchange in 2018. Bitfinex intends to revive the project to enable users to verify their balances.

Earlier, information about the reserves was shared by the Huobi cryptocurrency exchange. Its hot and cold wallets hold assets worth $3.5 billion.

Binance disclosed data on reserves amid FTX crisis.

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