Bitfinex CTO Announces Proof of Reserves Amid FTX Bankruptcy

The collapse of major crypto ecosystems — such as FTX and (MOONLIGHT) — this year has emphasized the importance of transparency around the actual reserves held by businesses and crypto exchanges. Amid the ongoing fear, uncertainty, and doubt (FUD) across the entire crypto space, crypto exchange Bitfinex has revealed proof of its reserves to the public. .

In the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to share their proof of reserve to regain investor confidence. Speaking, Bitfinex CTO Paolo Ardoino shared a list of major Bitfinex wallets, last updated on Nov.