What are proof-of-reserves audits, and how do they work?
![What are proof-of-reserves audits, and how do they work?](https://cryptoinvestment.at/wp-content/uploads/2022/12/what-are-proof-of-reserves-audits-and-how-do-they-work.jpg)
Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors.
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Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors.