Crypto.com Releases Cold Wallet Addresses of Select ‘Largest Assets’

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, Crypto.com Releases Cold Wallet Addresses of Select ‘Largest Assets’

Crypto.com,
a Singapore-based cryptocurrency exchange, has published the cold wallet
addresses of some of the largest assets on its platform. The exchange announced
on Friday that the wallets consist of Bitcoin, Ether, ERC20 and other
cryptocurrencies.

The
exchange, however, noted that the assets “represent only a portion of our
reserve,” adding that combined with other digital assets, the company boasts of
a reserve that stands at approximately USD 3 billion. Crypto.com further
disclosed that the cold wallets contain about 53,024 BTC and 391, 564
ETH.

According
to Crypto.com, the BTC wallet addresses include:

  • bc1qpy4jwethqenp4r7hqls660wy8287vw0my32lmy
  • 3LhhDLBVWBZChNQv8Dn4nDKFnCyojG1FqN
  • 3QsGsAXQ4rqRNvh5pEW55hf3F9PEyb7rVq
  • bc1qr4dl5wa7kl8yu792dceg9z5knl2gkn220lk7a9
  • bc1q4c8n5t00jmj8temxdgcc3t32nkg2wjwz24lywv
  • 14m3sd9HCCFJW4LymahJCKMabAxTK4DAqW

The other wallets, that
contain ETH, ERC20 and other cryptocurrencies, are:

  • 0x72A53cDBBcc1b9efa39c834A540550e23463AAcB
  • 0x7758e507850da48cd47df1fb5f875c23e3340c50
  • 0xcffad3200574698b78f32232aa9d63eabd290703
  • 0x6262998Ced04146fA42253a5C0AF90CA02dfd2A3

Meanwhile, Binance on
Wednesday also published the cold wallet addresses and balances of six of the
600 coins traded on its platform. Details shared by the top exchange showed
that Binance has about 475,000 BTC, 4.8 million ETH, 17.6 billion USDT, 21.7 billion BUSD,
601 million USDC, and 58 million BNB.

“As part of Binance’s
ongoing commitment to transparency and fostering trust in the ecosystem, we are
sharing details of our hot and cold wallet addresses. This is a starting point while we work to create
a Merkle tree POF that we will share with the community in the next few weeks,”
Binance explained in a statement published on its website.

Renewed Interest in Proof of Reserves

A Proof of Reserves (PoR) is an independent audit conducted by a third
party that seeks to confirm that a digital asset custodian truly holds the assets it claims
it holds on behalf of its customers. According to cybersecurity firm Halborn, PoR “is a trusted way for users of crypto assets to verify that the balances they hold on exchanges are backed by real assets.”

In the Friday statement announcing the cold wallets, Crypto.com harped on the importance of
PoR for crypto exchanges, noting that its PoR “is underway.”

The exchange urged
its users to expect “a full audited Proof of Reserves” from it “in the next
couple of weeks, adding that the audit will confirm its “full 1:1
reserve of all our customer’s assets.”

“We share the belief
that crypto platforms should be required to publicly share proof of reserves. We
are already working to retain the services of a reputable auditor to assess and
publish our proof of reserves,” Crypto.com explained.

Earlier on Wednesday,
Kris Marszalek, Crypto.com’s CEO in a Twitter post emphasized the importance of
proof-of-reserves, noting that “Crypto.com will be publishing our audited proof
of reserves.”

Meanwhile, on Thursday,
Binance CEO Changpeng Zhao also called for proof of reserves among crypto exchanges. Zhao also announced that “Binance will start to do proof-of-reserves soon.”

The renewed interest in
proof-of-reserves comes after FTX’s liquidity crisis pushed the Bahamas-based
cryptocurrency exchange, once described as the fastest-growing crypto exchange,
into bankruptcy.

Crypto.com,
a Singapore-based cryptocurrency exchange, has published the cold wallet
addresses of some of the largest assets on its platform. The exchange announced
on Friday that the wallets consist of Bitcoin, Ether, ERC20 and other
cryptocurrencies.

The
exchange, however, noted that the assets “represent only a portion of our
reserve,” adding that combined with other digital assets, the company boasts of
a reserve that stands at approximately USD 3 billion. Crypto.com further
disclosed that the cold wallets contain about 53,024 BTC and 391, 564
ETH.

According
to Crypto.com, the BTC wallet addresses include:

  • bc1qpy4jwethqenp4r7hqls660wy8287vw0my32lmy
  • 3LhhDLBVWBZChNQv8Dn4nDKFnCyojG1FqN
  • 3QsGsAXQ4rqRNvh5pEW55hf3F9PEyb7rVq
  • bc1qr4dl5wa7kl8yu792dceg9z5knl2gkn220lk7a9
  • bc1q4c8n5t00jmj8temxdgcc3t32nkg2wjwz24lywv
  • 14m3sd9HCCFJW4LymahJCKMabAxTK4DAqW

The other wallets, that
contain ETH, ERC20 and other cryptocurrencies, are:

  • 0x72A53cDBBcc1b9efa39c834A540550e23463AAcB
  • 0x7758e507850da48cd47df1fb5f875c23e3340c50
  • 0xcffad3200574698b78f32232aa9d63eabd290703
  • 0x6262998Ced04146fA42253a5C0AF90CA02dfd2A3

Meanwhile, Binance on
Wednesday also published the cold wallet addresses and balances of six of the
600 coins traded on its platform. Details shared by the top exchange showed
that Binance has about 475,000 BTC, 4.8 million ETH, 17.6 billion USDT, 21.7 billion BUSD,
601 million USDC, and 58 million BNB.

“As part of Binance’s
ongoing commitment to transparency and fostering trust in the ecosystem, we are
sharing details of our hot and cold wallet addresses. This is a starting point while we work to create
a Merkle tree POF that we will share with the community in the next few weeks,”
Binance explained in a statement published on its website.

Renewed Interest in Proof of Reserves

A Proof of Reserves (PoR) is an independent audit conducted by a third
party that seeks to confirm that a digital asset custodian truly holds the assets it claims
it holds on behalf of its customers. According to cybersecurity firm Halborn, PoR “is a trusted way for users of crypto assets to verify that the balances they hold on exchanges are backed by real assets.”

In the Friday statement announcing the cold wallets, Crypto.com harped on the importance of
PoR for crypto exchanges, noting that its PoR “is underway.”

The exchange urged
its users to expect “a full audited Proof of Reserves” from it “in the next
couple of weeks, adding that the audit will confirm its “full 1:1
reserve of all our customer’s assets.”

“We share the belief
that crypto platforms should be required to publicly share proof of reserves. We
are already working to retain the services of a reputable auditor to assess and
publish our proof of reserves,” Crypto.com explained.

Earlier on Wednesday,
Kris Marszalek, Crypto.com’s CEO in a Twitter post emphasized the importance of
proof-of-reserves, noting that “Crypto.com will be publishing our audited proof
of reserves.”

Meanwhile, on Thursday,
Binance CEO Changpeng Zhao also called for proof of reserves among crypto exchanges. Zhao also announced that “Binance will start to do proof-of-reserves soon.”

The renewed interest in
proof-of-reserves comes after FTX’s liquidity crisis pushed the Bahamas-based
cryptocurrency exchange, once described as the fastest-growing crypto exchange,
into bankruptcy.

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