audit
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The council, helmed by 10 firms, aims to set standards for security across the blockchain industry
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$1.2 million is one of the largest amounts offered in a security review competition to date
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Raft Finance and Kyberswap both underwent multiple audits before being drained
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Without security audit standards, apps built on blockchain will continue to fall prey to hacks and exploits
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There’s no magical guarantee that comes with the word “audit” — let’s start calling things what they really are
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While ill-gotten gains from exploits are significantly down from the same period compared to last year, hacks continue to pose a clear danger for budding DeFi ecosystems
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Accounting firms acting as crypto ‘auditors’ are warned to disassociate with clients if they spot misleading statements — or tell the SEC
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Bloomberg found that nearly half of crypto companies recently surveyed receive audit services from Deloitte, EY, PwC or KPMG
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The Institute of Internal Auditors said it wants an independent internal audit function at all US crypto exchanges to restore investor confidence in the industry
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The US audit watchdog has warned not to put too much stock in proof of reserve reports from crypto companies
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Circle, who for years partnered with firm Grant Thornton for its audits, makes the switch to Deloitte as various accounting firms express concern over working with crypto companies
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The exchange is looking for another auditor to validate proof of reserves after reports that Mazars and Armanino are pausing work in the sector
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Tether has promised a full review of its books for more than five years, ever since questions of its reserves began to circulate
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The news comes as regulators around the world have moved to bring further oversight to the cryptocurrency industry.
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