{"id":531138,"date":"2022-12-23T19:45:00","date_gmt":"2022-12-23T16:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-exchange-okx-releases-second-proof-of-reserves\/"},"modified":"2022-12-23T19:45:00","modified_gmt":"2022-12-23T16:45:00","slug":"crypto-exchange-okx-releases-second-proof-of-reserves","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-okx-releases-second-proof-of-reserves\/","title":{"rendered":"# Crypto exchange OKX releases second proof of reserves"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35d8e758e0a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35d8e758e0a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-okx-releases-second-proof-of-reserves\/#%E2%80%9D_Crypto_exchange_OKX_releases_second_proof_of_reserves_%E2%80%9C\" >&#8221; Crypto exchange OKX releases second proof of reserves &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_exchange_OKX_releases_second_proof_of_reserves_%E2%80%9C\"><\/span>&#8221; Crypto exchange OKX releases second proof of reserves &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvNmM0MjllZGUtNTVhMi00ZTViLThlZjEtOTllYzZmNjQ0NjYwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-71d2d00b>Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one.<\/p>\n<p>Haider Rafique, chief marketing officer at OKX, said on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that the crypto exchange is committed to sharing its reserves status every month. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NEW <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/OKX?src=hash&amp;ref_src=twsrc%5Etfw\">#OKX<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/proofofreserves?src=hash&amp;ref_src=twsrc%5Etfw\">#proofofreserves<\/a> published TODAY. This is our 2nd PoR published and we commit to publishing monthly \u2705<\/p>\n<p>A quick overview of our PoR and new features&#8230;.<\/p>\n<p>\u2014 Haider (@Haider) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Haider\/status\/1606142170246717441?ref_src=twsrc%5Etfw\">December 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The announcement also included the rollout of a new feature that allows \u201cusers to view OKX reserve ratios for new and historical data,\u201d self-verify on-chain assets, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">download<\/a> new and historical data, Rafique said.<\/p>\n<p>OKX\u2019s second proof-of-reserves ratios indicate that the exchange has 101% of Bitcoin (BTC), 103% of Ether (ETH) and 101% of Tether (USDT) needed to handle all withdrawals of these cryptocurrencies. The exchange\u2019s previously released PoR attestation from a month ago indicated that OKX had 102% of the BTC and ETH, as well as 101% of the USDT, needed to handle all withdrawals.<\/p>\n<p>The exchange hopes releasing monthly proof-of-reserves reports will help promote transparency and reestablish trust between users and cryptocurrency exchanges following the sudden collapse of FTX. <\/p>\n<p>Rafique <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2022\/12\/23\/2578964\/0\/en\/OKX-Publishes-Second-Proof-of-Reserves-With-New-Features-Commits-to-Monthly-PoR-Reporting.html\">shared<\/a>: \u201cPublishing PoR results on a monthly basis strengthens our commitment to lead the industry when it comes to transparency and trust.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>OKX releases proof-of-reserves page, along with instructions on how to self-audit its reserves<\/em><\/strong><\/p>\n<p>The announcement came shortly after a senior official from the United States Securities and Exchange Commission warned investors to be \u201cvery wary\u201d about relying on a crypto company\u2019s \u201cproof-of-reserves.\u201d<\/p>\n<p>In a Dec. 22 interview with The Wall Street Journal, the SEC\u2019s acting chief accountant, Paul Munter, shared that the results of these audits aren\u2019t necessarily an indicator that the company is in a good financial position. According to him, proof-of-reserves reports by exchanges \u201clack\u201d sufficient information for stakeholders to determine whether the company has enough assets to meet its liabilities.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-exchange-okx-releases-second-proof-of-reserves\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto exchange OKX releases second proof of reserves &#8220; Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one. Haider Rafique, chief marketing officer at OKX, said on Twitter that the crypto exchange is committed to sharing its reserves status every month&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":531139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/6c429ede-55a2-4e5b-8ef1-99ec6f644660.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,132424,74898,117],"class_list":["post-531138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-okx","tag-sec","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=531138"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/531139"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=531138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=531138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=531138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}