HTX proof of reserves lists balances that conflict with blockchain data

HTX's September proof of reserves listed token balances that did not match blockchain balances. HTX claimed 360949.90 USDS at 0xdaa4393013f359fd63a133a3b893d311aba4e471 at block height 25876316. That address held 0 USDS at that block height. The address received USDS only at block height 25889452. That transaction occurred on September 2. The proof of reserves was dated September 1. HTX also claimed 44,975,772.00 USDD at 0x18709e89bd403f470088abdacebe86cc60dda12e at block height 25876316. That address held 44,886,000 USDD at that block height. In its May proof of reserves, HTX claimed a certain amount of STEAK-USDC at an address that held no STEAK-USDC at the claimed block height. The address held an equivalent amount of sUSDS. This suggested that HTX had confused its disclosures between the two assets. The discrepancies raised concerns about HTX's proof-of-reserves process and its matching of assets to liabilities. HTX did not respond to a request for comment before publication.