Binance is addressing the fear, uncertainty and doubt (FUD) centered around crypto exchange platforms after the high-profile downfall of FTX. In a new company blog post, the world’s largest digital as...
Tag: Mazars
KuCoin loses Mazars and DNB consensus
KuCoin is being dumped by both Mazars and the Central Bank of the Netherlands, De Nederlandsche Bank (DNB), the latter saying that the company is operating illegally. The ranking of major crypto exch...
Analyzing Mazars’ role behind BNB’s unprecedented decline in its value
BNB’s price is down by 11% in the last 24 hours following Mazars Group’s decision to leave the crypto space. Mazars Group had been one of the big accounting firms that conducted Proof-of-Reserves (PoR...
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’s BNB Token Under Selling PressureWith Mazars’ Exit
BNB, the native cryptocurrency of crypto exchange Binance has tanked 12.5% in the last 24 hours as news arrived that Binance’s auditing partner Mazars Group has suspended ties. The BNB crypto is curre...
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...
Accounting firm Mazars drops all crypto clients, including Binance and Crypto.com
French accounting firm Mazars is pausing all its work with crypto firms including, Crypto.com, KuCoin, and Binance, according to a spokesperson for Binance. Mazars has since deleted all crypto reports...
Bitcoin Falls Below $17,000; Mazars Pauses Work For Binance
The Bitcoin price has once again fallen below the $17,000 mark after it became known that the auditing firm Mazars will pause its work with Binance. Already in the last few days, rumors and FUD about ...
Audits firms Armanino, Mazars ditch crypto clients in wake of pushback
Audit firms Armanino and Mazars are set to drop their crypto clients following controversies and community pushback. Armanino, Mazars jump ship Auditors Armanino and Mazars count several high-profile ...
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web – Bitcoin News
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducti...
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: “...
Mazars to pause all crypto exchange proof-of-reserves reports
Accounting firm Mazars is temporarily ceasing all work for its crypto exchange clients, including proof-of-reserves reports for the likes of Binance, KuCoin and Crypto.com. A spokesperson for M...
BTC, ETH reserves overcollateralized at KuCoin: Mazars.
Mazars audit on KuCoin will be covering BTC, ETH and stablecoins. Audit reports shall be available on KuCoin’s official website in a few weeks. US Senator Ron Wyden has requested KuCoin and 5 others...
Proof-of-Liabilities of crypto exchanges under lens: Distrust prevails for Mazars.
Mazars is an auditing firm that is a favorite for crypto exchange audits. However, its POR audits are questioned by investors. Mazars is known to pick up risky audits, which its peers quit. Since t...
Mazars Releases KuCoin’s Verification PoR Report, Concluded That BTC, ETH, USDT and USDC Reserves Are Overcollateralized
VICTORIA, Seychelles–(BUSINESS WIRE)–Global leading audit firm Mazars has released a report about KuCoin’s Proof-of-Reserves to determine the total collateralization ratio of their asset holdings. The...
Skepticism pervades crypto exchange liabilities reports, and Mazars
Questions are being asked about recent “not-audits” of crypto exchanges, as well as their preferred accounting firm, Mazars. Binance, the biggest crypto exchange by volume, released ...
Mazars Report Raises Questions About Binance Activity
Following the collapse of Sam Bankman-Fried’s FTX exchange, transparency and restoring confidence have become an industry priority. On December 7, the auditing firm Mazars released a report commission...
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...
Crypto.com Releases Proof of Reserves Attested by Mazars Group
15 seconds ago | 2 mins read Exchange News It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 m...
Crypto.com releases its proof of reserves verified by Mazars Group
Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek,...
Crypto.com releases proof of reserves study conducted by Mazars
Crypto.com released a proof of reserves study it says enables users to verify that their assets are fully backed. The process was conducted by Mazars Group, which compared assets held in an on-c...
Mazars says users’ BTC reserves on Binance are fully collateralized
South African auditor Mazars confirmed on Dec. 7 that cryptocurrency exchange Binance possessed control over 575,742.42 Bitcoin (BTC) of its customers, worth $9.7 billion at the time of publication. M...
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...
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...