HTX's Proof of Reserves Report Exposed as Inaccurate

HTX, a cryptocurrency exchange owned by Justin Sun, has come under scrutiny for its proof of reserves (PoR) process. According to an investigation, HTX's PoR from September claimed that it held $360,949.90 in USDS at a specific blockchain address, but the actual balance at that time was zero.

The discrepancy raises concerns about HTX's accuracy and transparency in its PoR reports. This is not the first issue with HTX's PoR process, as previous reports have revealed similar discrepancies in their disclosures.

Protos reached out to HTX for comment on this matter but did not receive a response before publication.