Mazars

Binance (CRYPTO: BNB), the largest cryptocurrency exchange in the world, made a mistake by keeping cryptocurrencies that are used as collateral for some of its crypto assets in the same wallet as funds belonging to its customers, Bloomberg reported, citing an official Binance spokesperson. The...

Cryptocurrency companies have been publishing audits, or so-called proof-of-reserve reports, to gain investor confidence on the heels of the FTX collapse. But the U.S. Securities and Exchange Commission (SEC) says investors should take those reports with a grain of salt. “Investors should not...

OKX, the world’s second-largest crypto exchange by trading volumes, has released its second proof-of-reserves (PoR) report to prove that it has enough assets to handle customer withdrawals. As of Tuesday at 12:00 UTC, OKX's wallets had 113,754 Bitcoin (CRYPTO: BTC), worth $1.87 billion,...

Auditing firm Mazars Group suspended work for all cryptocurrency clients worldwide, according to Binance (CRYPTO: BNB), a cryptocurrency exchange and client of the auditing firm. “Mazars has indicated that they will temporarily pause their work with all of their crypto clients...

Binance (CRYPTO: BNB) has appointed accounting firm Mazars to verify its proof of reserves (PoR), weeks after the collapse of Sam Bankman-Fried's crypto exchange FTX. As part of the PoR upgrade, Binance chose Mazars — the accounting firm that worked for former U.S. President Donald...