U.S. Senators Elizabeth Warren and Ron Wyden are calling for more accountability from crypto auditors. The lawmakers are alleging that the sham audits by crypto auditors are responsible for the ongoin...
Tag: Auditors
Revolut Auditors Concerned Over its Revenue Figures
Revolut increased its revenue by 33% last year, riding the crypto wave, but auditors are concerned about the 2021 revenue reports. According to Reuters, the fintech company Revolut is now profitable, ...
Binance says big auditors not ready for it yet
Binance declares that the big auditors still have a lot to learn about the crypto industry and so a full audit probably won’t take place soon. Binance detractor has his say Binance has suffered much F...
SEC Heightens Probe Into Auditors Servicing Crypto Exchanges – Bitcoin News
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 inve...
SEC Targets Crypto Auditors Seeking Greater Scrutiny
The SEC is stepping up its scrutiny of crypto auditors as it continues to wage war against the digital asset industry. In the latest in a recent torrent of anti-crypto articles, the Wall Street Journa...
SBF risks 115 years in jail, Binance’s FUD, and auditors quit crypto: Hodler’s Digest Dec. 11-17
Top Stories This Week FTX founder Sam Bankman-Fried arrested, set to be extradited to US Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until Fe...
Over $135,000,000 in Crypto Liquidated Amid Global Market Fears and Auditor’s Crypto Exit
Hundreds of millions of dollars worth of digital assets are being liquidated from the global markets after a prominent auditing firm announced the halting of all work for crypto clients. According to ...
No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios
As the FTX collapse highlighted the need for more transparency from centralized crypto exchanges, working with auditors has been the move by top crypto trading platforms to assure users that their ass...
Binance proof-of-reserves removed from the auditor’s site
Crypto exchange Binance has seen its proof-of-reserve audits removed from auditor Mazars’ website. Mazars’ official website shows they fully discontinued Mazars Veritas, a section dedicated to cryptoc...
Attention Turn to Auditors as Crypto Fraud Increases
The collapse of FTX and increasing incidents of fraud are forcing auditors to make harder choices concerning crypto companies. While the exchange’s collapse has sent shockwaves throughout the crypto i...
SEC fines EY $100 million for cheating by auditors
The Securities and Exchange Commission is charging Big Four accounting firm EY with a $100 million fine for cheating by its auditors on exams required to obtain Certified Public Accountant (CPA) licen...
UpLift Partners with CertiK, the World’s Leading Security Auditors in Web3
UpLift DAO, streamlining early-stage investment for blockchain-based projects, has recently announced its partnership with a pioneer in blockchain security – CertiK – on a mission to secure and monito...
Project auditors face a big problem as their is Lack of transparency
Dyma Budorin thinks the crypto industry would be much safer if smart contract auditors took responsibility for the code they audited The largest hack events in 2022 occurred on projects that were audi...
Lack of transparency among project auditors a big problem: Hacken CEO
Smart contract auditing firm Hacken CEO Dyma Budorin thinks Web3 cybersecurity providers are failing the crypto industry and that “huge blind spots” in market practices are impacting investor behavior...
The Hazards Of Investing In $100 Oil: Part I
American actor Larry Hagman as J.R. Ewing, in the television series, ‘Dallas.’ (Photo by Hulton … [+] Archive/Getty Images) Getty Images Investors are always looking for ways to cash...
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits – Mining Bitcoin News
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms regi...
Who Audits the Auditors? Smart Contract Audit Token (SCATDAO) to Hold a Public Sale on KICK․IO – Press release Bitcoin News
press release PRESS RELEASE. The world of audit has always had an inherent problem, the conflict of interest that comes from paying for audit services. Auditors are meant to be independent of their cl...
Who Audits the Auditors?: Smart Contract Audit Token (SCATDAO) to hold a Public sale on KICK․IO
The world of audit has always had an inherent problem, the conflict of interest that comes from paying for audit services. Auditors are meant to be independent of their clients, but how can you be ind...