Bitget reports 131% total reserve ratio in latest update
7 Articles
7 Articles
Why 131% Coverage Matters for Bitget’s Proof-of-Reserves Test, as Quant Powers Bank Tokenization Network
Crypto exchanges have spent years confronting one of the industry’s most difficult questions: can users trust that the assets displayed on their accounts are actually backed by assets held by the platform? Bitget’s latest Proof of Reserves update puts that question back at the center of the conversation, offering another monthly snapshot of its reserves […]
Bitget has released its first proof of reserves since the infamous hack a few days ago. According to the snapshot...
CryptoTendencia Bitget reports reserves of 131% for 19 assets after the September incident. Its test allows to verify balances, but it has limits. The Bitget entry presents reserves of 131% after the security incident: what his new report shows was first published in CryptoTendencia.
Bitget reports 131% total reserve ratio in latest update
Bitget's latest Proof of Reserves report shows a 131% total reserve ratio across 19 assets, with reserves intact after a $387.5M security breach.
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