Topic
A cryptographic or audited disclosure showing that a crypto exchange holds sufficient assets to cover customer deposits, used to verify solvency.
Doppler Finance's XRP vault passed 90 million XRP on Oct. 12, up about 76% from 51.09 million on Feb. 27, according to its transparency reports. As much as 83% of that gain was in hand by June 19, before Evernorth's Nasdaq listing.
Reality
Bitget CEO Gracy Chen doubts much of the $387.5 million stolen via a backend tied to a third-party security vendor will come back. So far about 0.2% of the loss has been frozen, so the exchange itself is paying for an outsourced security flaw.
Perspective Coverage
4 publishersReality
Bitget customers pulled about $463 million in the first 24 hours after withdrawals reopened, more than the $388 million hackers stole on September 24. The protection fund covers the theft with about $76 million to spare, so the withdrawals now test whether the $5.7 billion left in reserves matches what Bitget owes customers.
Reality
The exchange reports $5.36m of reserves, most of it its own token, against CoinMarketCap volume of $272.6m. The proof-of-reserves report it promised in May is now 90 days late.
Reality
Binance bought $100 million of Circle stock and signed to promote USDC through September 2031. Customer USDC balances on the exchange are up fivefold at $7.13 billion; the USDT balance is up $10.9 billion.
Perspective Coverage
14 publishersReality
The nine-year-old exchange is closing on costs while saying its reserves cover more than 100% of customer balances, and it will buy back leftover CET at 0.005 USDT a coin before withdrawals shut on December 22, 2026.
Reality
BitMart has let a funded $10 million offer to bankroll its own bankruptcy sit unanswered for 27 days, and the reserves it reports on itself come to $5.36 million, most of that in a token it issued.
Reality
A licence certifies anti-money-laundering paperwork, not the existence of the coins. Estonia's own regulator said so, roughly three months after users lost access.
Reality
The exchange promised proof of reserves on May 23 and has not delivered it. Its founder now says he will take his own staff's unpaid-wage claims to the police.
Reality