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Proof of
Reserves
Audit
Proof of Reserves is an independent audit conducted by Hacken which aims to ensure that on-chain holding of cryptocurrencies by exchanges matches up with users’ balances.
- 1000+
- protected clients
- 180+
- ecosystem partners
- 60+
- top-class engineers
- 6+
- years of expertise
Ensure transparency and trust in your exchange with our Proof of Reserves validation service.
Trusted by leading exchanges like Gate.io, Crypto.com, and Bit2Me, our service validates your holdings with a rigorous and transparent audit process, reinforcing confidence among your users and stakeholders.
Benefits of Proof of Reserves by Hacken
Experience
In cooperation with CER.live we’ve been developing and improving Proof of Reserve methodology since 2019.
Confidentiality
We provide the highest level of general and internal confidentiality of the exchange database.
Security
All data is secured and stored safely by a tier-1 Web3 cybersecurity auditor.
Care
You'll work with a dedicated team and customer success manager who will help with implementation to improve data security and compliance in your company.
Promotion
Successful Proof of Reserves audit with Hacken increases the Trust Score of your exchange on CER.live & CoinGecko.
Trust
Hacken is trusted by leading cryptocurrency exchanges, blockchain organizations and major Web3 projects.
Proof of Reserves audit is essential
Proves the adequacy of on-chain funds to cover customer liabilities.
Shows good faith by implementing self-regulatory measures during times of market turbulence.
Meets the increasing demand for assurance regarding digital asset reserves.
How does PoR audit work?
Submit the required documentation and get the estimation of the process scope, timeline, and price.
1 - 2 days
Engagement and scope definition
Reconciliation of liabilities
Formation of the Merkle Tree & Verifier (optional)
Prove assets ownership
Verification of assets
Reporting
On average, it takes from 10 to 15 business days to complete the audit.
What does Proof of Reserves audit report includes?
Calculation and streamlined view of all liabilities (Client Liability Report).
Verifiable evidence of reserve holdings to reassure customers and stakeholders (Total Reserves Balance).
Calculated reserves ratio for all liabilities in in-scope assets.
PoR audit is the key to trust, security, and transparency
All crypto exchanges should do merkle-tree proof-of-reserves. Binance will start to do proof-of-reserves soon. Full transparency.
Booby Ong
Co-founder, CoinGecko
"Hacken’s work to analyze our recent Proof of Reserves update is a great example of the power of community feedback."
Binance
Binance
"Hacken has provided mature security audits with a proactive approach, prompt communication and valuable security recommendations. We appreciate our partnership and would recommend collaboration with Hacken to anyone keen to strengthen their code’s resilience."
Aurora
Aurora
FAQ
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