OKX Publishes 40th Proof of Reserves Confirming $26.8 Billion in Assets

OKX Publishes 40th Proof of Reserves Confirming $26.8 Billion in Assets

The exchange reports full coverage across 22 cryptocurrencies, maintaining transparency with advanced zk-STARK and panoramic Merkle verification technologies.

BTC
ETH
USDT

Fact Check
The only direct support for the claim comes from news snippets on CoinGecko pages citing PANews, stating that OKX released its 40th proof of reserves and confirmed $26.8 billion in BTC and ETH assets. CoinGecko is a widely used aggregator with moderate authority, and PANews is a recognized crypto news outlet, which lends credibility. The consistency of the snippet appearing on multiple CoinGecko pages strengthens the signal. However, there is no official OKX announcement or dedicated proof-of-reserves page among the provided sources, and the OKX pages included only mention proof of reserves in general terms without confirming the 40th report or the $26.8 billion figure. Additionally, the phrasing in the claim ('assets held') could be interpreted as total assets, while the snippet specifically mentions BTC and ETH assets, introducing a minor ambiguity. With no contradictory evidence provided, the statement is likely true, but reliance on indirect sources rather than a primary OKX publication reduces confidence.
Summary

OKX released its 40th Proof of Reserves, confirming $26.8 billion in assets with 100% coverage across 22 major cryptocurrencies. The exchange reported Bitcoin at 106%, Ethereum at 103%, Tether (USDT) at 109%, and USD Coin (USDC) at 101%. OKX has issued monthly Proof of Reserves for over three years, enhancing its verification process from a traditional Merkle tree model to a panoramic Merkle tree and zk-STARK (zero-knowledge proof) system to ensure stronger transparency and verifiability for users.

Terms & Concepts
  • Proof of Reserves (PoR): An audit method allowing crypto exchanges to verify they hold sufficient assets to back customer deposits.
  • Merkle tree: A cryptographic structure enabling efficient and secure verification of large data sets, used in blockchain and PoR systems.
  • zk-STARK: A zero-knowledge proof technology that enhances privacy and scalability by verifying data correctness without revealing the data itself.