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[HEYBIT] 3Q24 Digital Asset Due Diligence Completed
[HEYBIT] 3Q24 Digital Asset Due Diligence Completed
Updated over 2 months ago

Hello,

This is the Digital Asset Investment Platform HEYBIT.

3Q24 HEYBIT's Asset Due Diligence, conducted through an external accounting firm, was based on 15 October 2024.

The Due Diligence included procedures such as verifying the quantity and authenticity of digital assets, checking wallet addresses for each exchange and collaborating service provider, reviewing customer deposit and withdrawal data, and confirming the information in the computer systems.

We are now disclosing the 3Q24 Digital Asset Due Diligence details and report as follows:


3Q24 Digital Asset Due Diligence details

  • Due Diligence Firm: Chang Chun Accounting Corp.

  • Due Diligence Reference Date: 15 October 2024 ~16 October 2024

  • Scope of Work: Digital assets held by the Company as of the Due Diligence date

  • Due Diligence Method:

① Digital Assets

  • Accessing the respective exchange websites and verifying the types and quantities of digital assets held in the company’s accounts.

  • Accessing the respective service provider’s websites and verifying the types and quantities of digital assets held in custody and managed by the service provider in accounts used by the company.

② Digital Asset Liabilities

  • Review of customer deposit and withdrawal data and confirmation of the quantity of digital assets deposited by customers and unpaid digital assets to be paid by the company.

  • We will continue to make efforts to provide a more transparent and secure service in the future.

Due Diligence Reports

  • Based on the Due Diligence results, the accounting firm has verified that we hold more than 100% of the quantity of digital assets to be paid to customers, including the contracted interest.

  • This means that there are no issues related to the soundness and liquidity of assets on a per-asset basis, including the on-time withdrawal of digital assets that customers have deposited, and we plan to provide an update on the digital asset holdings and management in the next quarter's audit.

For more detailed information about the 3Q24 Digital Asset Due Diligence,

please refer to the full report.


Full 3Q24 Digital Asset Due Diligence Report

The total quantity and amount of held assets on page 5 of the audit report have been masked as confidential.

We will continue to make efforts to provide a more transparent and secure service in the future.

Thank you.


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