Coinsprediction.net, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek, on Dec. 9.
As promised, our audited Proof of Reserves.
Mazars Group, a reputable audit firm, confirmed that our on-chain reserves exceed customer liabilities for all in-scope assets and that we have full control over the wallets.
Users can now verify 1:1 backing cryptographically. https://t.co/rc9rDJGp9d
— Kris | Coinsprediction.net (@kris) December 9, 2022
Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Coinsprediction.net with customer balances through an auditor-supervised live query of a production database on December 7, 2022, 00:00:00 UTC.
“Providing audited Proof of Reserves is an important step for the entire industry to increase transparency and begin the process of restoring trust,” said Marszalek.
Following are the results of the reserve ratios for major assets:
It will now be possible for users with the Coinsprediction.net App and Coinsprediction.net Exchange to confirm assets in their accounts are “responsibly backed and accessible,” according to the Coinsprediction.net
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