Disclaimer: The article has been updated to reflect that Omniscia did not audit a version of the MasterPlatypusV4 contract. Instead, the company audited a version of the MasterPlatypusV1 contract from...
Tag: Auditor
Here’s what we learned from the IRS Commissioner hearing
Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters President Joe Biden‘s nominee ...
Don’t risk an audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway and there’s been increased scrutiny of the IRS as the agency starts deploying part of the nearly $80 billion approved by Congress in August. W...
Insurers Follow Auditor in Shunning Crypto Companies
Insurers are increasingly denying or significantly limiting coverage to clients involved with cryptocurrencies due to the collapse of exchange FTX. Inconsistent regulation and volatile crypto prices h...
Binance Looks for Independent Auditor But ‘Big Four’ Refused
Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers are reportedly turning down chances to audit Binance despite a long history with Coinbase. According to the largest cryptocurrency exchang...
Missing From the Debate About Binance’s Proof of Reserves and Auditor, One Metric Shows Another Exchange Could Be in Trouble
“If the exchange is not using its collateral to borrow money, it doesn’t really matter what the clean reserves are. If every customer’s crypto is fully held 1:1 in proper wallets, it doesn’t rea...
Huge Blow For Crypto: Binance, Crypto.com Dropped By Their Auditor
The poison of suspicion is continuing to spread in the crypto sphere. This poison, disseminated by the overnight implosion of Sam Bankman-Fried’s crypto empire on Nov. 11, is infecting most com...
Proof-of-Reserve Auditor Mazars Pauses Work for Crypto Clients
Mazars the auditing firm that worked with Binance and various other crypto exchanges including KuCoin and Crypto.com has paused all its business with their crypto clients according to an emailed state...
Binance Auditor Mazars Suspends Services For Crypto Firms
Crypto exchange Binance on Friday said its auditor Mazars has suspended services for cryptocurrency firms including crypto exchanges, reported Bloomberg. According to a Binance spokesperson, France-ba...
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, has paused all work for crypto clients, Binance said in an emailed statement. “Mazars h...
Binance auditor Mazars halts all work with crypto exchanges
Mazars Group, a French auditing firm that recently provided confirmation of proof of reserves for a number of cryptocurrency exchanges, has reportedly suspended all co-operation with such platforms gl...
Binance’s reserve auditor Mazars suddenly stops crypto audits
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Binance and Crypto.com Auditor Mazars Group Pauzes Work with Crypto Clients
The company that audited both Binance and Crypto.com – Mazars group – will be pausing its work with cryptocurrency businesses. In a statement reported by Bloomberg, a spokesperson from Binance said: “...
Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group – Coinotizia
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 de...
Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group – Bitcoin News
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 de...
Binance’s Bitcoin reserves are sufficient, auditor says
Binance, the world’s major crypto exchange by trading volume, released the results of its Bitcoin reserves audit. Its assets were reportedly “in excess.” In a recent tweet, Binance announced that it w...
Binance auditor confirms reserves, 3AC founders subpoenaed, and Crypto Twitter drama
The biggest news in the cryptoverse for Dec. 6 includes Polygon co-founder hitting back against ‘jealous’ competition, Crypto.com CEO addressing ‘FUD,’ Binance auditors confirming Bitcoin reserves, an...
Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor
An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The audit allows any user of the exchange to confirm...
KuCoin engages auditor Mazars to provide factual findings report
Crypto exchange KuCoin is engaging auditor Mazars to verify its proof of reserves in a third-party factual findings report. The firm will report on whether KuCoin’s in-scope assets are col...
FTX Auditor Is Pioneering Proof of Reserves
As FTX customers lament their missing funds, other major crypto exchanges including Kraken, Gate.io, Ledn and Nexo are taking steps to verify their holdings. But each of these companies share somethin...
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator – Bitcoin News
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional ...
SEC Fines Tether’s Former Auditor $1.5M for ‘Improper Professional Conduct’
The U.S. Securities and Exchange Commission has fined Tether’s former auditing firm, Friedman LLP, to the tune of $1.5 million, according to an order issued Friday. The regulator found the accounting...
Uniglo (GLO) Selects Paladin As Their Auditor. Bitcoin (BTC) Could Swing Back To 25k, And Fantom (FTM) May Shine In September
The cryptocurrency market is still in its nascent stages, and companies need sound and reliable auditors. There are many reasons why Uniglo (GLO) has selected Paladin as their auditor. Paladin is a hi...
Tether Hires New Auditor BDO Italia For Monthly USDT Reserves Report
Leading stablecoin issuer Tether has hired accounting firm BDO Italia to replace Cayman Islands firm MHA Cayman in overseeing its attestation reports for USDT reserves. The USDT issuer said it plans ...
China Real Estate Developer Guangzhou R&F Sees “Not Less Than” $1.2 Billion Loss In 2021
A cement tower with a Chinese corporate logo next to the residential and leisure complex being … [+] developed by Guangzhou R&F Properties Co. and constructed by Multiplex, at Nine Elms in L...
Trading Suspended; Ronshine Auditor Resigns: Evergrande Update
(Bloomberg) — China Evergrande Group and its other units were suspended in Hong Kong Monday pending an announcement containing “inside information,” according to exchange filings that didn’t ela...