Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
These verifications of assets take a simple snapshot and “do not address the crypto entity’s liabilities, the rights and ...
Tag: Audit
Binance APAC Head Suggests Full Audit of the Crypto Exchange Isn't Happening Soon: Bloomberg
Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to ...
Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients, S&P Futures Drop
Bitcoin (BTC), the leading cryptocurrency by market value, fell 2% to $16,950, extending a retreat from the one-month high ...
Binance’s Bitcoin Reserves Are Overcollateralized, Says Audit
The report was meant to assure customers that their bitcoin (BTC) assets are collateralized, exist on the blockchain and ...
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As FTX Contagion Grows
Orthogonal Trading’s insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt ...
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
“While there have been multiple recent failures in crypto, it is important to distinguish between Terra’s case, where a ...
Crypto.com Preliminary Audit Shows That 20% of Its Assets Are in Shiba Inu (SHIB) Coin
“In an ideal world, we’d want the best assets to be worth the most, but SHIB and DOGE both ...
Meet the Metaverse Night Club–Loving Audit Firm That Presided Over FTX’s Financials
Venture capital giant Sequoia, which wrote off the entirety of its $150 million investment in FTX this week, justified ...
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