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https://www.businesswire.com/news/home/20220203005576/en/Kraken-Launches-Proof-of-Reserves-Audits-Allowing-Clients-to-Verify-Crypto-Balances https://www.busines

https://www.businesswire.com/news/home/20220203005576/en/Kraken-Launches-Proof-of-Reserves-Audits-Allowing-Clients-to-Verify-Crypto-Balances https://www.businesswire.com/news/home/20220203005576/en/Kra... >Administered by Armanino LLP, the Proof of Reserves audit is the second of its kind conducted on our exchange since 2014, and it affirms that more than $19 billion worth of client bitcoin and ether is safely – and provably – on our platform. This includes the $3.5 billion worth of ether held in Kraken’s secure on-chain staking service, the industry’s leading ETH2 validator. Though the audit covers just two of the over 100 assets available for trading on our exchange, it adheres to, and seeks to advance, recommended standards for new cryptographic audits that we hope will become widely embraced in the digital asset sector.

throwup 4y ago
Come on man. That's an old article. It was true of the audit being reported on at the time, but their most recent audit was more comprehensive. Again, just open the links I posted if you want to see how things have changed since then.
- DebtDeflation 4y ago
  Ok, looks like there was another "audit" done in August, where they did verify the existence of additional tokens. Nevertheless, from the most recent "audit" report: >"We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, related to the platform account liabilities and asset balances represented by Kraken. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported." So once again, they're not saying anything al all about Kraken's overall assets or liabilities, merely confirming that the customer accounts have the correct number of coins in them at a point in time.

throwup 4y ago

Come on man. That's an old article. It was true of the audit being reported on at the time, but their most recent audit was more comprehensive. Again, just open the links I posted if you want to see how things have changed since then.

DebtDeflation 4y ago
Ok, looks like there was another "audit" done in August, where they did verify the existence of additional tokens. Nevertheless, from the most recent "audit" report: >"We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, related to the platform account liabilities and asset balances represented by Kraken. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported." So once again, they're not saying anything al all about Kraken's overall assets or liabilities, merely confirming that the customer accounts have the correct number of coins in them at a point in time.