The failure of several <a href="https://www.cryptoknowmics.com/news/cftc-strikes-order-against-fraudulent-cryptocurrency-arbitrage-company">cryptocurrency</a> ecosystems this year, such as <a href="https://www.cryptoknowmics.com/news/ftx-disaster-reduces-star-atlas-financial-runway-in-half">FTX</a> and <a href="https://www.cryptoknowmics.com/news/terra-executive-yoo-mo-arrested-by-south-korean-authorities">Terra</a>, underlined the significance of disclosure about the actual deposits held by cryptocurrency exchanges and companies. Bitfinex, a cryptocurrency exchange, <a href="https://blog.bitfinex.com/media-releases/bitfinex-resilient-in-face-of-market-events-committed-to-greater-transparency-and-demonstrating-proof-of-reserves/" target="_blank" rel="nofollow noopener">disclosed</a> its Proof-of-Reserve to the public amidst the continuous dread, uncertainty, and doubt (FUD) in the cryptocurrency market.
<h2>Bitfinex Proof-of-Reserve Report</h2>
Major cryptocurrency exchanges, including <a href="https://www.cryptoknowmics.com/news/binance-launches-12-projects-for-binance-labs-incubation-program">Binance</a>, <a href="https://www.cryptoknowmics.com/news/okx-exchange-launched-the-most-profitable-staking-of-shib">OKX</a>, <a href="https://www.cryptoknowmics.com/news/kucoin-lists-airdaos-amb-token-with-a-usdt-pair">Kucoin</a>, and <a href="https://www.cryptoknowmics.com/news/crypto-com-commits-proof-of-reserves-after-halting-deposit-and-withdrawal">Crypto.com</a>, have committed to disclose their Proof-of-Reserve to recover investor trust over the previous few days. Paolo Ardoino, the chief technology officer of Bitfinex, published the list of the primary Bitfinex wallets, which was last updated on November 11.

https://twitter.com/paoloardoino/status/1591149094738792494?

On GitHub, Bitfinex CEO Ardoino posted the Proof-of-Reserve with a list of 135 cold and hot wallet addresses. He provided a list of some of the company's major holdings, including 204338.17967717, to save consumers the pain of having to go through all the addresses.
<h2>Antani - Open-Source Library</h2>
In June 2018, Bitfinex created the Antani open-source library to promote transparency about custody, off-chain outsourced proof of vote, and proof of solvency. Ardoino revealed Bitfinex's ambitions to resurrect the system that would let users see their balances without affecting security, which had previously flown under the radar.

According to Antani's whitepaper, users would be able to cryptographically validate their balances, removing the possibility of depegging and enabling Bitfinex users to validate the presence of their assets.

Bitfinex CTO Publishes Proof-of-Reserve Amid During Bankruptcy Failure

Bitfinex disclosed its Proof-of-Reserve to the public amidst the continuous dread, uncertainty, and doubt (FUD) in the cryptocurrency market.

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Bitfinex CTO Publishes Proof-of-Reserve Amid During Bankruptcy Failure

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