The U.S. Securities and Exchange Commission (SEC) sets its eyes on auditing firms handling cryptocurrency companies

With its intent to counteract cryptocurrency, the U.S. Securities and Exchange Commission (SEC) is beginning to audit firms that work with crypto companies as part of their mission. In recent months, ...

Firms Auditing Crypto Firms Being Watched Closely by U.S SEC

24 mins ago | 2 mins read Exchange News The SEC has voiced worry about investors being given a false sense of security. A number of cryptocurrency exchanges have advocated publishing evidence of reser...

Investor Michael Burry Thinks Crypto Firms Auditing are “Meaningless”

Famous investor Michael Burry reportedly criticized the auditing that went on within the crypto industry. He cited the major cryptocurrency exchanges opting for proof-of-reserves (POR) audits, calling...

Auditing firm BDO could follow Mazars in abandoning crypto clients

BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec. 16. A report from the news publication quotes a BDO repre...

Prominent Auditing Firm Mazars Stops Services For Crypto Sector

Binance, KuCoin, and Crypto.com are some of the companies that have used the service. CZ has previously said that audit firms are hesitant to engage with crypto companies. Binance, a cryptocurrency ex...

Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100%

Crypto exchange giant Binance has enough reserves to back its users’ Bitcoin (BTC), according to global auditing firm Mazars. The auditing report comes after Binance announced a commitment to increasi...

Auditing Firms Elevate Crypto Clients to High Risk: Report

Sam Bankman-Fried has single-handedly managed to push prices higher for professional bookkeeping services in addition to incurring the wrath of global regulators. The collapse of FTX and the work that...

US Auditing Firms To Charge More for Crypto Company Services Following FTX Collapse: Report

Several US auditing firms are reportedly going to charge crypto companies a steeper fee for their services in the fallout of FTX’s implosion. According to the Financial Times, many audit firms are rec...

Case Study of How Private-Public Partnerships Can Assist Governments in Auditing Crypto Assets

Since 2015, Elliptic has collaborated with authorities, FIUs, and law enforcement organizations. Blockchain is an online database that streamlines the tracking of digital assets and the recording of t...

Duo behind Silk Road takedown back fighting crypto crimes with Naxo

The new sheriff in town features some familiar faces. Naxo, a newly-launched cybersecurity firm, was co-founded by former FBI special agent Chris Tarbell and computer scientist Matt Edman. They both p...

Friedman, Former Tether’s Auditing Firm, Faces Over $1.6 In Penalty By SEC

The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tet...

Lido Gets All-Clear Signal From Blockchain Auditing Experts Statemind

The firm behind the recent success story, where $350M in damages were prevented from hitting the Avalanche blockchain, has released an in-depth audit report of the popular Ethereum liquidity staking s...

Crypto Auditing Platform Sherlock Raises $4M in Funding

Crypto protocol audits typically include two to three auditors scouring the code over a few weeks. Sherlock, which sells its solutions directly to protocols, starts with one or two senior auditors tak...

Auditing Giant KPMG Predicts What’s Coming for Crypto and Blockchain in Second Half of 2022

A new report by global auditing giant KPMG predicts an upcoming slowdown in crypto investments during the second half of 2022. According to KPMG’s Pulse of Fintech H1’22 report, the crypto markets wil...

Revolut Said to Be Under Pressure From Regulator Over Risk of ‘Material Misstatement’ in Auditing: Report

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Crypto Security and Auditing Firms are Thriving During the Bear Market

Crypto security companies are raking in a fortune despite the bear market that has bloodied firms across the rest of the industry. Zeth Couceiro – founder of crypto recruitment company Plexus Resource...

Tether Announces New Deal For Auditing: Good Or Bad For Crypto?

After much discussion about its plans to disclosing information about Tether’s reserves, the team has on Thursday revealed new plans. In a shift in assurance and attestation process, the company...

Auditing Firm Claims Ethereum (ETH) Users Also Compromised

Solana auditing firm OtterSec in a tweet claimed the Solana (SOL) hack is also affecting Ethereum (ETH) users, although it is less widespread. Until now over 8000 wallets have been compromised. OtterS...

3 Best Smart Contract Auditing Firms To Choose For Your Project In 2022

Have you ever wondered about how platforms in DeFi space are secured? And, if they are secured, then who ensures their security? The short answer is smart contract audits. You might already be aware o...

Canadian Big 4 Auditing Firm KPMG Lists BTC and ETH to Balance Sheet

Multinational professional firm services and one of the Big four auditing firms, the Canadian distribution of KPMG, said it added Bitcoin and Ethereum to its corporate treasury. This is the first dire...

Solidproof Delivers New And Efficient Auditing Solutions

Blockchain and cryptocurrency are among the most promising technologies already reshaping the financial sectors. Countless new projects using them appear every day. However, not all of them run on ris...

Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity – Bitcoin News

Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conduc...