FTX Japan will provide proof of solvency

ChainCatcher news, according to FTX Japan's Chief Operating Officer Seth Melamed, FTX Japan will provide Proof of Solvency in a tamper-proof and verifiable manner to demonstrate the assets deposited by customers on its exchange.

Seth Melamed stated that FTX Japan strictly manages customer assets separately in accordance with laws and regulations. By introducing Proof of Solvency, cryptographic technologies such as zero-knowledge proofs will be used for verification, and the results will be reflected on the blockchain. Customers will be able to check the status of their asset management, and the Proof of Solvency service will be available to all users of both FTX Japan and Liquid Japan platforms. Further details on FTX Japan's Proof of Solvency will be published weekly on Ethereum.