Richard Teng
Richard Teng|Nov 04, 2026 15:36
Our latest Proof of Reserves snapshot now covers 44 tokens, up from 10, expanding the range of assets users can independently verify are backed at least 1:1. Generating the full zero-knowledge proof takes 50–60 hours of computation. That’s a long wait, but it serves an important purpose: letting users verify the backing of their own balances, rather than simply taking our word for it. On recovery, we’re now at ~98% of impacted assets replenished. We’ll continue buying the remaining, less liquid tokens carefully through market and OTC channels to avoid moving prices as we close the gap. There’s still work ahead: fully reopening withdrawals and strengthening safeguards. I’ll keep sharing progress as we go.
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