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Bookmarking Crypto InsightsFri, 23 Dec 2022 20:30:39 +0000en-US
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3232Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges
https://www.digit.info/report-sec-heightens-probe-into-auditors-servicing-crypto-exchanges/
Fri, 23 Dec 2022 20:30:39 +0000https://www.digit.info/2022/12/23/report-sec-heightens-probe-into-auditors-servicing-crypto-exchanges/Read more]]>According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC […]
]]>Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
https://www.digit.info/accounting-firm-mazars-stops-proof-of-reserve-audits-for-crypto-firms-binance-audit-removed-from-the-web/
Fri, 16 Dec 2022 15:30:37 +0000https://www.digit.info/2022/12/16/accounting-firm-mazars-stops-proof-of-reserve-audits-for-crypto-firms-binance-audit-removed-from-the-web/Read more]]>The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]
]]>Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group
https://www.digit.info/binance-and-crypto-com-publish-proof-of-reserve-audits-conducted-by-global-auditor-mazars-group/
Sat, 10 Dec 2022 00:30:50 +0000https://www.digit.info/2022/12/10/binance-and-crypto-com-publish-proof-of-reserve-audits-conducted-by-global-auditor-mazars-group/Read more]]>This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange Crypto.com published proof-of-reserves records and the verification was also conducted by […]
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC […]
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]
This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange Crypto.com published proof-of-reserves records and the verification was also conducted by […]