Coinsco Passes Independent Security Audit with Perfect Score
Coinsco completes a rigorous proof-of-reserves audit by CipherBlade Security, confirming 100% reserves.
This week, Coinsco achieved a major milestone by successfully passing an independent security audit conducted by CipherBlade Security, a leading blockchain forensics and assurance firm based in Estonia. The audit, which included a full proof-of-reserves verification, awarded Coinsco a perfect score, reinforcing the exchange's commitment to transparency and user asset safety.
Audit Results Prove Full Transparency
CipherBlade Security’s comprehensive review examined Coinsco’s wallet architecture, private key management, and real-time reserve data. The findings were released publicly and showed that every user deposit was fully backed, with no shortfalls or unaccounted liabilities. Key highlights from the report include:
- 100% reserve ratio across all listed assets
- Multi-signature cold storage protocols validated for all major cryptocurrency wallets
- Real-time proof-of-reserves data matching on-chain balances within a 0.05% margin
- No evidence of unbacked trading tokens or fractional reserve practices
The audit represents a significant step for Coinsco, which has long prioritized regulatory compliance and operational security. By engaging an independent third party like CipherBlade, the exchange demonstrates faith in third-party oversight and sets a benchmark for industry best practices. Users can now rest assured that their funds are held in fully audited reserves, a feature increasingly demanded by the crypto community.
“We are thrilled to receive a flawless audit result,” said a Coinsco spokesperson. “Our goal has always been to build trust through transparency, and this verification proves that we are meeting the highest standards of asset custody.”
With the audit complete, Coinsco plans to maintain a quarterly verification schedule and will continue to publish real-time reserve snapshots on its platform. The positive outcome is expected to attract new institutional and retail users who prioritize security and accountability when choosing an exchange.