Johannesburg, South Africa, October 2nd, 2025, Chainwire
VALR, a leading global crypto exchange, has successfully completed its Proof of Reserves audit conducted by Hacken, a renowned blockchain security firm. This achievement highlights VALR’s commitment to user trust and financial accountability, especially in a crypto industry increasingly focused on transparency amid past exchange insolvencies.
The audit encompassed rigorous procedures including Proof of Liabilities, Proof of Ownership, Reserves Calculation, and Proof of Reserves Assessment. It confirms that VALR maintains a 1:1 ratio for all in-scope digital assets, with collateral ratios exceeding 100% for all assets such as BTC, ETH, SOL, USDT, USDC, and others. This full coverage of user liabilities reinforces VALR’s robust safeguarding practices.
Farzam Ehsani, Co-Founder and CEO of VALR said: “This Proof of Reserves audit by Hacken is part of VALR’s commitment to building a transparent financial system grounded in trust and integrity for everyone.”
“Through a meticulous verification process, we confirmed that VALR’s reserves fully back their obligations, providing independent assurance and reinforcing confidence in their operations,” said Joaquin Girardi, Lead Proof of Reserves Auditor, Hacken.
The full report is available on Hacken’s website at: https://hacken.io/audits/valr/por-valr-one-time-jul2025/
Founded in 2018, headquartered in Johannesburg, and backed by leading investors including Pantera Capital, Coinbase Ventures and Fidelity’s F-Prime, VALR is a global crypto exchange offering a comprehensive suite of products — including Spot Trading, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, OTC services, VALR Invest, and VALR Pay. Licensed by South Africa’s FSCA, with regulatory approvals in Europe, VALR serves over 1.5 million users and 1,700 corporate and institutional clients worldwide. The exchange is dedicated to advancing a just financial future that upholds human dignity and the unity of mankind. For more information, visit valr.com.
About Hacken
Hacken is a leader in blockchain security and compliance. Unlike traditional providers, Hacken was born on blockchain, merging deep Web3 expertise with enterprise-grade quality, AI-driven offensive security, and globally recognized certifications. Since 2017, Hacken has been trusted by over 1500 blockchain adopters – Web3 builders, crypto exchanges, blockchain platforms, banks, institutional clients across industries, and global regulators – including the European Commission, ADGM, MetaMask, Ethereum Foundation, SG Forge, and Bybit to secure the digital frontier.
