{"id":280739,"date":"2022-12-09T16:01:20","date_gmt":"2022-12-09T16:01:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=280739"},"modified":"2022-12-09T16:13:35","modified_gmt":"2022-12-09T16:13:35","slug":"per-after-binance-crypto-com-releases-its-proof-of-reserves-verified-by-mazars-group","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/per-after-binance-crypto-com-releases-its-proof-of-reserves-verified-by-mazars-group\/","title":{"rendered":"Crypto.com releases its proof of reserves verified by Mazars Group"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Crypto.com, 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.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As promised, our audited Proof of Reserves. <\/p>\n<p>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. <\/p>\n<p>Users can now verify 1:1 backing cryptographically. <a href=\"https:\/\/t.co\/rc9rDJGp9d\">https:\/\/t.co\/rc9rDJGp9d<\/a><\/p>\n<p>&mdash; Kris | Crypto.com (@kris) <a href=\"https:\/\/twitter.com\/kris\/status\/1601237391070859264?ref_src=twsrc%5Etfw\">December 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com with customer balances through an auditor-supervised live query of a production database on December 7, 2022, 00:00:00 UTC.\u00a0<\/span><\/p>\n<blockquote><p>\u201cProviding audited Proof of Reserves is an important step for the entire industry to increase transparency and begin the process of restoring trust,\u201d said Marszalek.<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Following are the results of the reserve ratios for major assets:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-280753 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/crt.png\" alt=\"\" width=\"1366\" height=\"829\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/crt.png 1366w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/crt-300x182.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/crt-1024x621.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/crt-768x466.png 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It will now be possible for users with the Crypto.com App and Crypto.com Exchange to confirm assets in their accounts are \u201cresponsibly backed and accessible,\u201d according to the Crypto.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto.com, 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. Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com with customer [&hellip;]<\/p>\n","protected":false},"author":1393,"featured_media":280764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto.com releases its proof of reserves verified by Mazars Group<\/title>\n<meta name=\"description\" content=\"Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/per-after-binance-crypto-com-releases-its-proof-of-reserves-verified-by-mazars-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto.com releases its proof of reserves verified by Mazars Group\" \/>\n<meta property=\"og:description\" content=\"Audit, tax, and advisory firm Mazars Group verified the assets held in on-chain addresses controlled by Crypto.com\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/per-after-binance-crypto-com-releases-its-proof-of-reserves-verified-by-mazars-group\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-09T16:01:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T16:13:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/cryptoCom-reserves.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/per-after-binance-crypto-com-releases-its-proof-of-reserves-verified-by-mazars-group\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/per-after-binance-crypto-com-releases-its-proof-of-reserves-verified-by-mazars-group\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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