Attestation Report

An attestation report is a document provided by an independent third party that confirms the accuracy of a company's claims, such as its Proof of Reserves. Unlike a full financial audit, an attestation is more limited in scope and focuses on specific metrics at a point in time.

It provides stakeholders with a level of assurance that the exchange's reported data is consistent with its actual on-chain holdings. However, it does not guarantee the exchange's long-term financial health or the security of its operations.

These reports are often used to bridge the trust gap in the absence of comprehensive regulatory audits. While helpful, they are not a substitute for rigorous, continuous, and transparent reporting.

Investors should treat attestations as one piece of information rather than absolute proof of solvency. They are a common tool used by crypto entities to demonstrate accountability to their user base.