According to Seth Melamed, the Chief Operating Officer of FTX Japan, FTX Japan will provide Proof of Solvency to verify the assets deposited by customers on their exchange in a tamper-proof and verifiable manner.
Seth Melamed stated that FTX Japan strictly manages customer assets in accordance with laws and regulations, and by introducing Proof of Solvency, they will use cryptographic techniques such as zero-knowledge proof to verify and reflect the results on the blockchain. Customers will be able to check the status of their asset management.
The Proof of Solvency service will be available to all users of FTX Japan and Liquid Japan platforms. Further details on FTX Japan's Proof of Solvency will be published on Ethereum every week.
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