We handed the keys to our books to the security experts at Hacken and told them to find a discrepancy. They spent their time digging through the individual balances of 640,000 accounts to see if our math holds up.
The final report confirms that we are holding a surplus of assets, which is the most reassuring piece of technical reading you'll do all week.
Financial integrity requires the math to back up the talk, and this latest Proof of Reserves report provides that independent verification.
The 1:1 standard and why we exceed it
The audit confirms that Toobit maintains a collateral ratio of over 100% across all in-scope assets, including BTC, ETH, USDT, and USDC. For every dollar, satoshi, or gwei you have on our exchange, we have at least that much sitting in reserve.
Over-collateralization is just common sense. By cross-referencing our internal data against official statements from third-party institutional custodians, Hacken verified a safe 1:1+ backing for every single trader deposit.
The math behind the magic
We chose to undergo a rigorous process rather than just handing over a spreadsheet. Hacken employed a methodology focused on three key workstreams:
-
Auditors performed a Proof of Liabilities by verifying the total balances of over 600,000 liability holders.
-
Asset Verification involved a meticulous comparison between our total reserves and those client liabilities to confirm 100% coverage.
-
Operational Oversight reviews our information flow and custodial reporting to ensure the data remains authentic and unaltered.
Dynamic transparency instead of static PDFs
The era of the once-a-year PDF that gathers dust on a landing page is over. We upgraded our Proof of Reserves page to a dynamic model. This hub allows you to monitor live reserve ratios and review historical audit data through an intuitive interface.
We also integrated Merkle tree technology. By consolidating balances into a secure Merkle root hash, we provide a tamper-proof way to verify that your specific account was included in the audit. This cryptographic proof maintains your personal data privacy while ensuring absolute accountability.
The bigger picture
The industry landscape is shifting toward a more mature operational environment. With frameworks like MiCA bringing assertive supervision, compliance by design has become a survival trait.
Industry leaders now maintain reserve ratios between 124% and 125% to prove that transparency is a catalyst for growth. We are working to contribute to the evolving expectations for exchange accountability in 2026.
The full audit report is available for public review on Hacken's official website. We'll let the verified numbers speak for themselves.
