Backpack Exchange will enhance user transparency by providing daily proof-of-reserves, independently built and verified by blockchain security firm OtterSec, with detailed wallet and asset data accessible online.
Backpack Exchange announced an official initiative to publish proof-of-reserves reports daily, with all data compiled and verified by blockchain security company OtterSec. A new reserve transparency page allows users to review wallet details, assess asset distribution, and verify balances, aiming to increase trust and transparency in its operations.