As part of our dedication to providing transparency and as proof regarding INDODAX Members’ asset security, INDODAX Proof of Reserve (PoR) is now verified by the Public Accounting Firm (KAP) audit results.

According to the official statement that INDODAX received, Kreston Indonesia KAP Hendrawinata Hanny Erwin & Sumargo has verified the Jointly Agreed Procedure (AUP) on Proof of Reserve (PoR) and Calculation of Company Liquidity Adequacy on January 31, 2023, as well as published the AUP report on April 18, 2023, which can be accessed here.

Based on the audit results, the number of crypto and other assets checked was appropriate and correct. The KAP also ensures that INDODAX’s payment gateway cash and receivable balance exceed the entire total member liability balance, and INDODAX’s crypto asset balance also exceeds the total member portfolio on the same date.