financial disclosure – DIGIT INFO

Ethereum Foundation Defends $96.9M Transfer Amidst Criticism

DIGIT — Sun, 25 Aug 2024 22:30:24 +0000

On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was […]

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Hong Kong court orders financial disclosures in Mantra Chain dispute

DIGIT — Tue, 13 Aug 2024 21:05:18 +0000

The court said the DAO’s financial details should be known to both sides as they hash out ownership and control issues.

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US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

DIGIT — Thu, 09 Mar 2023 21:30:32 +0000

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an […]

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