Toobit, a leading international cryptocurrency exchange, has confirmed over 100% asset backing in its latest Proof of Reserves report, independently verified by Hacken. The audit reveals that Toobit maintains a collateral ratio exceeding 100% for key digital assets including BTC, ETH, USDT, and USDC, ensuring a 1:1+ backing for all trader deposits. The verification process also validated the balances of over 640,000 accounts, using cross-referenced data from legal documents and third-party custodians. Hacken's audit employed a multi-stage methodology, including Proof of Liabilities, Asset Verification, and Operational Oversight, to ensure comprehensive transparency. Toobit has also launched an upgraded Proof of Reserves page, featuring live reserve ratios and historical audit data, enhanced by Merkle Tree technology for secure and transparent account verification. The full audit report is publicly accessible on Hacken's website, reflecting the exchange's commitment to transparency and operational stability.