Crypto.com to Release Cold Wallet Addresses After Proof-Of-Reserve Pledge

Crypto.com to Release Cold Wallet Addresses After Proof-Of-Reserve Pledge
  • Crypto.com to publish the list of cold wallet addresses and balances for major assets.
  • The exchange’s CEO recently announced the publishing of its audited proof of reserves.

Crypto.com, the Singapore-based crypto exchange firm, has made a recent announcement after it pledged to publish “audited proof of reserve.” According to a recent tweet from Kris Marszalek, the CEO of Crypto.com, the platform will publish the list of cold wallet addresses and balances for major digital assets within 24 hours, by denoting “full transparency.”

According to this, Marszalek recently announced that the exchange will soonly publish its audited proof of reserves, by tweeting:

This is a critical moment for the entire industry. Transparency is more important than ever, and safety and security of users and funds remains the priority. It requires full and collective commitment.

On November 10, Binance, the leading crypto exchange, published a new page titled “Proof of Assets” on which all details regarding its on-chain activity for its hot and cold wallet addresses are available. This comes only two days after CZ’s initial tweet, in which he promised to develop a proof-of-reserve mechanism to guarantee “complete transparency” to the community.

Moreover, the latest decision from Crypto.com occurred amid one of the industry giants, FTX, facing a liquidity crisis in the global crypto market.

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