CoinPoker Releases Proof of Reserves Report Showing User Deposits Are Covered 1:1 in Cold Wallets

CoinPoker has released a proof of reserves report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain

CoinPoker has released a proof of reserves report, revealing that user deposits are fully covered 1:1 in cold wallets, viewable on the blockchain. The company also has additional reserves in hot wallets to instantly process withdrawals.

Mario Bautista, a professional poker player known for his high-stakes cash game sessions on CoinPoker, has now recorded over $11.7 million in live tournament earnings. Among his notable results are a first-place finish at the Triton Super High Roller Series in Jeju for $1.1 million and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.

Bautista plays on CoinPoker under the screenname ‘livinmydream’ and is often seen battling in $25/$50 PLO cash games and higher.

CoinPoker states in its proof of reserves report:

“Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.”

Links werden bereitgestellt, um diese Gelder in der Blockchain über etherscan.io, Blockchain.com, bscscan.com und andere Krypto-Tracking-Sites je nach Token anzuzeigen.

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