OKX Customer Bitcoin Holdings Surge by 13,800 BTC in Latest Reserve Report

OKX reported that customer Bitcoin balances rose by 13,800 BTC, or 9.66%, reaching 156,609 BTC valued at approximately $12.04 billion in its 49th monthly proof-of-reserves snapshot. Exchange-controlled wallet assets rose to 169,755 BTC, leaving reserves at a 108% backing ratio with an excess of 13,146 BTC. Customer Ether holdings increased to 1,916,904 ETH, while Tether balances fell to 7.96 billion tokens. The reserve growth coincided with rival Binance losing $6.3 billion to a security hack between October 29 and November 2, which drove over $16.5 billion in tracked asset outflows.