The solvency receipt contains details of the zk-proof provided by Bitso. When the status in the receipt is Solvent, that proves that Bitso meets all the requirements to be considered a solvent financial institution. But you can use those details to verify Bitso's solvency yourself. Here’s how you can use the information in the page:
All receipts will always be available on the Profile section on Bitso.com. But you can have a copy of it by clicking on Download the receipt.
Balance and solvency status
The first information you'll find in the receipt is a table with the disclosure of your balance by the time the report was issued, and both the status of solvency and of Etherescan.
Below is a summary of each column of the table:
Currently, the solvency report contemplates Bitcoin (BTC) and Ether (ETH). But we're working to add more cryptocurrencies to report in the future.
The amount you held in your account per cryptocurrency listed in the receipt at the time when the report was issued.
The status, when Solvent, confirms that the zk-proof provided by Bitso was audited and accepted as true.
Check this receipt on Etherscan
Etherscan is a tool that scans Ethereum to gather data and return research results. In this case, it's being used to retrieve the zk-proof we publish in the Ethereum blockchain every time we issue a solvency report.
By clicking on Check this receipt on Etherscan, you'll be redirected to Etherscan, with the search result for the message signature with our latest proof of solvency.
Since the liabilities report is an essential part of the Proof of Solvency, in the solvency receipt we provide the Merkle Tree we used to generate the proof. You have the option to Download the Merkle Tree and use the Root Hash, the Leaf Hash and your Account code to make the calculation and verify yourself the inclusion of your balance in Bitso's liabilities.
If it happens that you had no balance in BTC and ETH when the reports was first generated, you may see an empty state screen, like this:
But don't worry. If you made deposits in those two cryptocurrencies in your account, your balance will be accounted for in the next report.
For informational purposes only, this is not investment advice. When buying, selling, trading or using cryptocurrencies you are subject to certain risks including price volatility and loss of capital, for more information please visit the following link.