VALR Successfully Completes Latest Proof of Reserves Audit by Hacken
VALR, Africa’s largest crypto exchange and infrastructure provider by trade volume, has successfully completed its latest Proof of Reserves technical verification conducted by Hacken, a leading blockchain security firm. Conducted on August 19, 2026, and detailed in the report dated September 1, 2026, this milestone highlights VALR's continued commitment to transparency, user trust, and financial accountability.
The technical verification confirmed that VALR maintains a 1:1 ratio for all in-scope digital assets, with total collateral ratios exceeding 100%. The audit encompassed four key procedural areas:
Proof of Liabilities: Hacken obtained and audited VALR's complete client liability report, which included all user balances greater than 0.00000000 for nominal in-scope assets. The dataset was rigorously inspected to eliminate duplicate user IDs and calculate the precise total liabilities balance.
Proof of Ownership & Reserves Calculation: VALR generated cryptographic signatures for all public keys and wallet addresses holding in-scope assets. Hacken verified these signatures against the corresponding public addresses to confirm VALR’s control and ownership, alongside a live walkthrough of bank-held reserve balances. Any minor variances in individual asset balances were fully backed by VALR's excess reserves held in equivalent liquid assets.
Loan Liability Accountability: The assessment included a comprehensive review of loan liability accountability and completeness, confirming that reserve ratios remain above 100% even after factoring in these obligations.
Proof of Reserves Assessment: The findings confirm that VALR's holdings fully cover all user liabilities, backed by robust financial management and diversified asset holdings.
By engaging an independent auditor to conduct regular Proof of Reserves technical verifications, VALR continues to maintain rigorous financial security standards and safeguard user assets across its platform.
The full report is available on Hacken's website at: https://hacken.io/audits/valr/por-valr-one-time-por-jul2026/
About VALR
Founded in 2018, headquartered in Johannesburg, and backed by leading investors including Pantera Capital, Coinbase Ventures and F-Prime, VALR is the leading digital asset exchange and infrastructure provider on the African continent, offering a comprehensive suite of products, including Spot Trading, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, OTC services, VALR Invest, Crypto Bundles, and VALR Pay. Licensed by South Africa’s FSCA, and with a provisional license from the Cayman Islands Monetary Authority, VALR serves over 1.9 million registered users and 1,900 corporate and institutional clients worldwide. VALR is dedicated to advancing a just financial future that upholds human dignity and the unity of mankind.
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.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate. VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
