proof of reserves

There’s no magical guarantee that comes with the word “audit” — let’s start calling things what they really are

Accounting firms acting as crypto ‘auditors’ are warned to disassociate with clients if they spot misleading statements — or tell the SEC

Bloomberg found that nearly half of crypto companies recently surveyed receive audit services from Deloitte, EY, PwC or KPMG

The bill focuses on digital asset providers who have $10 million in customer funds or over 500 customers

The US audit watchdog has warned not to put too much stock in proof of reserve reports from crypto companies

Most chief financial officers say finding qualified and experienced DeFi-native asset managers will be key going forward

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

The short- and long-term outlooks for the publicly traded crypto exchange differ as the crypto winter rages on, analysts say

The largest crypto exchange is back to holding about 80% of market share relative to 11 other centralized exchanges, up from a low of around 67%

Crypto firms are looking to augment transparency efforts, but auditing firms are halting work in the crypto space

The exchange is looking for another auditor to validate proof of reserves after reports that Mazars and Armanino are pausing work in the sector

Armanino, the auditing firm who spearheaded proof of reserves, is reportedly giving up its crypto clientele amid the FTX scandal.

Binance hopes its proof of reserves reassures users that funds are safe, but the ecosystem is grappling with trust in centralized platforms

The proof-of-reserves specialists have audited many in crypto — including FTX

Proof of reserves is an attempt by exchanges to reassure their customers — but they have a long way to go

Wrapped Filecoin’s path to a DeFi-grade commodity gets closer with Gemini offering Chainlink’s Proof of Reserve support for EFIL.