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Proof of reserves news and analysis from LC Insight: 4 stories, newest first.
KPMG counted Tether Gold's bars: 520,089 ounces for 520,089 tokens
Tether says KPMG gave Tether Gold (XAU₮) a clean audit for 2025, its second Big Four audit after USDT. The gold matched the tokens almost to the ounce.
What is proof of reserves? What it proves about exchanges, and what it misses
Proof of reserves is a public check that an exchange holds at least as much crypto as its customers have deposited. Merkle trees or zero-knowledge proofs let you confirm your balance was counted, but it is a one-day snapshot, not proof the company is solvent.
OKX's 48th reserve report shows $29.4 billion, up 27% in three months, with BTC at 110%
OKX marked four years of monthly proof-of-reserves reports on October 30. Its primary assets rose from $23.1 billion in July to $29.4 billion, and every listed coin is backed at least 1:1. Here is what the report proves and what it leaves out.
Dubai's VARA reviewed every 2025 reserve report. Now auditors face seven checks
Two VARA circulars in October tell licensed crypto firms what a real reserve audit must prove, and warn that vague website claims like "protected" and "segregated" are not enough.