Award-winning global cryptocurrency exchange Toobit’s latest independent Proof of Reserves (PoR) report shows that the exchange maintains a collateral ratio of over 100% across all of its major digital assets.
The latest report, independently confirmed by Hacken, verified assets including BTC, ETH, USDT, and USDC, and confirms a safe 1:1+ backing for every trader deposit. The findings showed a reserve surplus – meaning that Toobit trader liabilities are fully over-collateralized.
Toobit has also launched an upgraded Proof of Reserves page, which offers a dynamic transparency model that allows traders to monitor live reserve ratios for major tokens and view historical audit data, all in a user-friendly interface.
Hacken’s Toobit’s audit is a comprehensive assessment of the exchange by one of the most trusted auditors across crypto.
The audit validated the individual balances of over 640,000 accounts by cross-referencing internal Toobit data with legal documentation and official statements from third-party institutional custodians.
Hacken employed a multi-stage methodology, with auditors performing a Proof of Liabilities by verifying the total balances of over 600,000 liability holders to ensure an accurate representation of client deposits.
Next, Asset Verification was undertaken, during which auditors compared total reserve balances with the client liability report to confirm full coverage.
In the third step, Hacken conducted Operational Oversight to review custodial reporting and information flows, ensuring that all audited data was authentic and unaltered.
As of May 1, 2026, the Proof of Reserves showed BTC at 106%, ETH at 106%, USDC at 102%, and USDT at 106%.
Returning to Toobit’s PoR page, the exchange has integrated Merkle tree technology, which consolidates trader balances into a singular, secure Merkle root hash. What this offers is a transparent, tamper-proof way for any Toobit user to verify that their specific account balance has been included in the audit. The cryptographic proof ensures accountability while maintaining privacy for all traders.
You can see the full audit for yourself – including audit scope, methodology, and technical findings – on Hacken’s official website.
The report concludes: “The Hacken team’s Proof of Reserves audit … demonstrates that Toobit maintains a reserve ratio of > 100 %.
“This finding signifies that Toobit possesses sufficient reserves to cover its liabilities, thereby bolstering trust and confidence among its users and stakeholders.
“This report serves as a testament to the responsible financial management practices employed by Toobit, as well as the company’s dedication to transparency and accountability.”
Visit Toobit to sign up and start trading.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
