OKX's 27th Consecutive Proof of Reserves: $27.9 Billion in Primary Assets, Audited by Hacken

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In a significant move reinforcing trust and transparency in the digital asset industry, OKX has released its 27th consecutive Proof of Reserves (PoR) report, confirming $27.9 billion in primary assets. The audit was conducted by Hacken, a leading blockchain security firm, and verifies that OKX maintains a 1:1 or greater reserve ratio across 22 of the most widely traded cryptocurrencies on its platform.

This latest milestone underscores OKX’s ongoing commitment to user protection, regulatory compliance, and technological innovation in an evolving financial landscape where transparency is no longer optional—it's expected.

Comprehensive Audit Across Major Blockchains

Hacken’s rigorous verification process analyzed over 650,000 unique wallet addresses spanning more than 20 blockchain networks, including Ethereum, Solana, Polygon, and Bitcoin. The audit found zero discrepancies, confirming full alignment between user balances and on-chain reserves.

Key reserve ratios for major assets are as follows:

These figures demonstrate not only full coverage of customer holdings but also a healthy surplus—ensuring that every user deposit is fully backed and secure.

👉 Discover how leading exchanges are redefining transparency with real-time reserve verification.

Year-Over-Year Growth: A Sign of Strength and Trust

OKX’s primary asset base has grown by 99.3% year-on-year, rising from $14.9 billion in January 2024 to $27.9 billion today. This near-doubling reflects increasing institutional and retail confidence in the platform’s security infrastructure and operational integrity.

Such growth is particularly notable amid heightened global scrutiny of cryptocurrency exchanges. As regulators from the U.S. to the EU push for stricter oversight, OKX’s proactive approach positions it as a benchmark for industry best practices.

Cutting-Edge Technology: zk-STARKs Powering Privacy & Efficiency

Over the past two years, OKX has significantly enhanced its PoR system through the integration of zk-STARK (Zero-Knowledge Scalable Transparent ARgument of Knowledge) technology. This advancement allows for cryptographic proof of reserves without exposing sensitive user data.

Key improvements include:

The use of zk-STARKs ensures that customers can independently verify the platform’s solvency using OKX’s self-service PoR tool—a feature already utilized by over two million users worldwide.

Independent Verification: Why It Matters

While some exchanges publish internal reports, OKX partners with third-party auditors like Hacken to deliver unbiased, technically robust assessments. Monthly audits employ advanced methodologies such as:

Pedro Bustos, Proof of Reserves Auditor at Hacken, stated:
"Working with OKX's team has been an amazing experience. Their 650k+ wallets holding more than $39 billion in funds at time of audit cover all liabilities with at least a one-to-one ratio. This shows how platforms can prove user funds are safe through outside checks—and OKX clearly sets the standard."

This level of independent oversight helps build long-term trust in an industry still overcoming past failures.

A Holistic Security Framework

Beyond Proof of Reserves, OKX employs a multi-layered security model designed to protect users against emerging threats:

Additionally, OKX recently launched OKX Protect, a centralized safety hub offering educational resources on:

This initiative empowers users to take control of their own security—because even the strongest platform cannot fully protect against social engineering attacks if users aren’t informed.

👉 See how you can verify exchange solvency in under a minute using public tools.

Leadership Perspective: Building Trust Through Transparency

Lennix Lai, Global Chief Commercial Officer at OKX, emphasized the broader significance of Proof of Reserves:
"When we talk about Proof of Reserves, we're really talking about the foundation of trust in our industry. Our collaboration with Hacken takes our commitment to the next level, providing independent verification of our 100%+ reserve ratio across all major tokens."

He added: "More than two million customers have used our self-verification PoR tool—it's clear the market demands this level of transparency. We're proud to be setting this standard."

Regulatory Alignment and Industry Leadership

As global regulators—from the SEC to MiCA in Europe—push for greater accountability in crypto, OKX’s consistent PoR reporting offers a model for compliance and user protection. While specific requirements vary by jurisdiction, OKX’s approach exceeds minimum expectations by delivering:

This forward-thinking strategy not only meets current regulatory trends but anticipates future standards.

Frequently Asked Questions (FAQ)

Q: What is Proof of Reserves (PoR)?
A: Proof of Reserves is a cryptographic audit method that proves a cryptocurrency exchange holds sufficient assets to cover all user balances. It combines on-chain verification with third-party auditing to ensure transparency and solvency.

Q: How often does OKX publish its PoR report?
A: OKX releases a new Proof of Reserves report every month, making it one of the most consistent and transparent platforms in the industry.

Q: Can I verify OKX’s reserves myself?
A: Yes. OKX provides a self-service PoR tool that allows anyone to independently verify the platform’s reserves using public blockchain data and cryptographic proofs.

Q: What role does Hacken play in the audit process?
A: Hacken conducts independent verification by analyzing wallet addresses, validating signatures, and confirming reserve ratios across multiple blockchains. Their audits are technically rigorous and free from conflicts of interest.

Q: Are all user funds covered by the Insurance Fund?
A: The multi-billion-dollar Insurance Fund is available in specific markets and serves as an additional layer of protection beyond Proof of Reserves. It is not a substitute for regulatory protections like FDIC insurance.

Q: Does Proof of Reserves mean my funds are completely safe?
A: While PoR confirms that customer deposits are fully backed, it does not eliminate risks associated with market volatility, phishing, or personal account security. Users should always practice good cyber hygiene.

Core Keywords:

With its combination of technological innovation, independent verification, and user education, OKX continues to lead the charge in building a safer, more transparent digital asset ecosystem.

👉 Explore how next-gen crypto platforms are combining security, speed, and full reserve backing.