January 11, 2023Story: Divya SinhaIndian crypto exchange WazirX released its Proof of Reserves on Wednesday which details that it has total holdings of $286.10 million.The company’s blog post mentions publishing its Proof of Reserves to promote full transparency in India’s crypto ecosystem.Further it details that WazirX’s reserves-to-liabilities ratio remains more than 1:1 which means sufficient liquidity for users in case of withdrawal.The company’s highest holding is Shiba Inu which has a total of 6.09 trillion SHIB tokens, worth $54.2 million.ED had searched WazirX for alleged violation of the Foreign Exchange Management Act.WazirX in a tweet wrote that it is India’s largest Crypto Exchange by Reserves.More Crypto Stories…