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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Proof of Reserves

A method used by financial institutions to prove they have sufficient reserves to cover their liabilities.
ForkLog 33 27.05.2025

Michael Saylor Criticizes Proof-of-Reserves

The current method of publishing Proof-of-Reserves poses hacking risks for cryptocurrency companies, according to Michael Saylor, founder of Strategy, during his speech at Bitcoin 2025. “Verification of reserves via blockchain reduces the security of companies, custodians, and investors. It’s a bad idea,” emphasized the Bitcoin maximalist. He stated that revealing wallet addresses allows malicious actors […]
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Binance Confirms Surplus Asset Reserves
ForkLog 11 09.09.2024

Binance Confirms Surplus Asset Reserves

The cryptocurrency exchange Binance has released its latest audit Proof-of-Reserves, confirming a surplus in client fund reserves. As of September 1, the trading platform held 647,106 BTC and 4,651,360 ETH. User deposits in leading cryptocurrencies amounted to 605,690 BTC and 4,486,359 ETH. Coverage reached 106.84% and 103.68% respectively. Source: Binance. In the stablecoin USDT, the […]
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Expert Identifies Vulnerability in Binance's Reserve Audit Mechanism
ForkLog 8 10.05.2024

Expert Identifies Vulnerability in Binance’s Reserve Audit Mechanism

The algorithm employed by cryptocurrency exchange Binance for Proof-of-Reserves (PoR) contains a vulnerability linked to its lending function and the accounting of so-called dummy users. This was stated by Enrico Bottazzi, an expert from the research organization Privacy Scaling Explorations. The issue concerns non-existent accounts with a positive position in low-liquidity assets and a negative […]
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User Assets on Binance Surpass $100 Billion
ForkLog 11 19.03.2024

User Assets on Binance Surpass $100 Billion

The total value of client assets on the cryptocurrency exchange Binance has exceeded $100 billion.  The value of user asset holdings on #Binance now exceeds $100 billion. All user funds are backed at a 1:1 ratio and are fully verifiable through our Proof of Reserves, which highlight our commitment to user funds transparency. Read on […]
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Binance Confirms Asset Coverage for Users
ForkLog 8 07.02.2024

Binance Confirms Asset Coverage for Users

The cryptocurrency exchange Binance has released the audit results of its reserves, asserting an over-collateralization of client funds. As of February 1, the company held 609,477 BTC and 4,353,718 ETH. User deposits in leading cryptocurrencies amounted to 594,688 BTC and 4,163,085 ETH, with coverage reaching 102% and 104%, respectively. In the stablecoin USDT, coverage was […]
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Binance reports $16 billion in Bitcoin reserves
ForkLog 10 07.09.2023

Binance reports $16 billion in Bitcoin reserves

Binance published its monthly proof-of-reserves report (PoR) — it holds 618,126 BTC (about $15.9 billion) on its balance sheet to back client deposits of 588,171 BTC (about $15.1 billion).
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OKX reveals $10 billion in reserves in BTC, ETH and USDT
ForkLog 6 30.05.2023

OKX reveals $10 billion in reserves in BTC, ETH and USDT

OKX published its seventh monthly Proof-of-Reserves report, showing $10 billion in Bitcoin, Ethereum and USDT stablecoin from Tether.
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OKX updates Proof-of-Reserves with zk-STARKs
ForkLog 13 28.04.2023

OKX updates Proof-of-Reserves with zk-STARKs

OKX updates the Proof-of-Reserves procedure by adding zk-STARK zero-knowledge proofs.
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Binance integrated zk-SNARK into its Proof-of-Reserves mechanism
ForkLog 10 10.02.2023

Binance integrated zk-SNARK into its Proof-of-Reserves mechanism

Binance updated its proof-of-reserves (PoR) verification procedure by including zk-SNARK.
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Binance to build a metaverse and deploy zk-SNARK-based solutions
ForkLog 8 30.01.2023

Binance to build a metaverse and deploy zk-SNARK-based solutions

The cryptocurrency exchange Binance outlined plans for 2023, including the development of solutions to ensure transparency in platform operations and the creation of a metaverse.
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