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Onchain Analysis

Big Inflows and outflows OKX (OKEX) movement by Proof of Reserves (PoR)

On December 23, 2022 large Bitcoin movements occurred from the addresses of OKX, one of the largest exchanges. The movements were anticipated by a tweet alert :

Address movements are part of an OKX transparency effort to show Proof-of-Reserves (PoR) on its website.

The Proof of Reserves is the second one, and it adds new features. Users can now view the independently the results of on the OKX website through open source tools available on the OKX GitHub profile at the following address:

https://github.com/okx/proof-of-reserves/

OKX has published over 20,000 addresses, and it seems they plan to continue to reuse addresses so that anyone can perform a stand-alone, independent audit, plus OKX promises to run reserve tests on a monthly basis.

OKX Inflow Outflow may continue in the coming hours.

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