The investigation verifies that all of Binance’s reserves can be accounted for. According to Nansen, of Binance’s stated $60.4 billion in assets, $6.2 billion was BNB. Recently, the outcomes of Binanc...
Tag: Audit
Polygon’s zkEVM is undergoing an audit, but what does it mean for MATIC?
New updates released regarding Polygon’s zkEVM. Polygon’s NFT space also witnessed growth last week. Polygon [MATIC] recently revealed the latest developments regarding its much-talked-about zkEVM. Ac...
Questions on Binance’s Proof of Reserve audit report
In Binance’s opinion, an audit offers proof of customer money reserves. However, its auditor would not attest to the strategy or the reserves Binance requests, according to recent allegations. This de...
Kraken’s CEO Slams Binance’s Proof Of Reserves System Even After “Merkle Tree Audit” ⋆ ZyCrypto
Advertisement     Day’s after publishing the so-called Proof-Of-Reserves, Binance released a new report on Wednesday showing that its customer’s Bitcoin reserves are o...
Binance proof-of-reserves audit shows BTC is overcollaterised
A report by global audit and advisory company Mazars proves that Binance’s Bitcoin reserves are overcollateralised. Confirmation of overcollateralisation The world of cryptocurrencies is rapidly chang...
Audit shows Crypto.com has enough Bitcoin reserves
Singapore-based crypto exchange Crypto.com has released the results of an audit on its proof-of-Reserves (PoR), showing it holds enough digital assets to cover customer balances. Crypto.com’s reserve ...
Cardano’s AdaSwap Completes Smart Contract Audit
Alex Dovbnya Cardano-focused DEX AdaSwap has been audited by cybersecurity agency Zokyo, which marks final step of its mainnet launch AdaSwap, an ecosystem builder on the Cardano blockchain, has compl...
Independent Audit Confirms Binance’s Bitcoin Is More Than Fully Backed
Mazars, an international audit, tax and advisory firm, confirmed on Wednesday that Binance holds more than all of the Bitcoin it needs to cover customer deposits. “At the time of assessment, Mazars o...
Binance Proof of Reserves Audit Reveals Overcollaterized Assets
Binance’s first proof of reserves (PoR) audit report reveals that the company had sufficient assets for mass customer withdrawals and that customers had put up enough margin to collateralize leveraged...
Binance Shares Bitcoin Proof of Reserves Audit Report
9 seconds ago | 2 mins read Exchange News Binance announced on Twitter that it is collaborating with Mazars. The crypto exchange had its reserves and liabilities verified on November 22, 2022. In an e...
Binance Bitcoin Proof Of Reserves Audit Report Out Now
Binance, the world’s largest cryptocurrency exchange recently revealed the crucial details of its hot and cold wallet addresses in order to ensure the users. The exchange also promised to share the Me...
Binance’s bitcoin reserves are collateralized 101% according to Mazars audit
Global auditor Mazars today concluded that crypto exchange Binance’s bitcoin reserves are fully collateralized, following a proof-of-reserves and proof-of-liabilities verification. The col...
KuCoin Hires Mazars to Audit its Proof of Reserves
The Chief Executive Officer of KuCoin quoted that auditing PoR is the next step to providing transparency. KuCoin is among the top five best crypto exchanges globally and was founded by Michael Gan a...
BitKeep Completes Security Audit of Swap Protocol, Launches $1M Secure Asset Fund
BitKeep, the leading Web 3.0 multi-chain crypto wallet, serves more than seven million users from across 168 countries. Supporting 76 mainnets, and 220,000+ tokens, BitKeep Wallet is more than just a ...
BitKeep Completed a Security Audit of Swap Protocol and Launched a Secure Asset Fund With an Initial Capital of $1 Million
The company promises to allocate 10% of the monthly revenue of Swap to the fund. BitKeep, the leading Web 3.0 multichain crypto wallet, serves more than seven million users from across 168 countries. ...
KuCoin crypto exchange taps Mazars for PoR verification and audit
KuCoin has engaged the services of global accounting and advisory firm, Mazars for its proof-of-reserve (PoR) verification procedures, according to a Dec.5 announcement by the Bitcoin (BTC) trading ve...
Audit firm Mazars to verify KuCoin’s Proof-of-Reserves
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its Proof-of-Reserves (PoR). According to an announcement on Dec. 5, the verification will provide the...
Binance Hires Trump’s Former Audit Firm to verify its crypto reserves
Home/News Mazars is an international accounting firm. Its U.S. branch, Trump’s long-time accounting firm, has been entangled in controversy since 2019 over a request for his financial records by...
Binance employs Trump audit company to check crypto reserves
The United States branch of Mazars served as the corporation of former United States President Donald Trump’s accounting firm for a significant amount of time. In order to carry out the proof-...
Binance hires audit firm that served Donald Trump to verify crypto reserves
Cryptocurrency exchange Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. Mazars, the accounting firm that worked for former Uni...
Is Something Shady Happening with Binance? Breakdown of $2 Billion “Audit” Transaction
Arman Shirinyan Panic arises around Binance after appearance of $2 billion transaction Contents Not part of audit UTXO is to blame The massive $2 billion transaction that occurred on Binance-related a...
Binance Moves Over $2Bn in BTC As Part of a Proof-of-Reserves Audit
A significant outflow of funds belonging to Binance set off alarms in the cryptocurrency community today. According to a Tweet from Whale Alerts, the exchange pulled out more than 127,000 BTC in a sin...
Binance CEO explains 127K BTC transfer, points at proof-of-reserve audit
Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO. Binance sent 127,351 Bitcoin (BTC), or more than $2 billio...
Binance moves $2 billion of bitcoin as part of reserves audit
Binance has moved 127,351 bitcoin ($2 billion) to verify to an auditor it has control over the claimed address. The transfer of such a large amount of bitcoin today from Binance to an unknown wa...
Kraken CEO Jesse Powell Questions Validity of Binance’s Audit
Join Our Telegram channel to stay up to date on breaking news coverage The failure of the cryptocurrency exchange FTX made it clear how crucial proof of reserves is for preventing scenarios where cust...
Audit Standards Overseer Also Backs Startups
Listen to article (2 minutes) An accounting trade body has invested in audit-related tech startups, while setting auditing standards and overseeing millions of audits—prompting concerns within the ind...
Fruits Eco-Blockchain Project Completes its Security Audit of their Native Blockchain Conducted by Quantstamp
SINGAPORE–(BUSINESS WIRE)–Fruits Eco-Blockchain Project is pleased to announce their completion of a security audit of the Fruits Blockchain’s contract system conducted by Quantstamp, a leader in web3...
Changpeng Zhao Says He’ll Issue Full Binance Audit, One Day…
Join Our Telegram channel to stay up to date on breaking news coverage Changpeng “CZ” Zhao, the CEO of the world’s largest cryptocurrency exchange, has promised to release an audit into the exchange’s...
Luna Foundation Guard (LFG) Releases Third-party Audit Report
9 seconds ago | 2 mins read Altcoin News A total of roughly $3.4 billion was allegedly spent by LFG and TFL to protect the UST peg. In addition, Terraform Labs invested $613 million more to preserve t...
Luna Foundation Guard releases audit report, but will LUNC/USTC rise?
Luna Foundation Guard released a third-party technical audit on 16 November The audit confirmed the absence of impropriety on the part of Terraform Labs and LFG. When Terra crashed, it caused billions...