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 Binance spokesperson says Mazars has stopped working with crypto clients.
Mazars has been working with crypto exchanges to publish proof-of-reserves reports since last month's collapse of FTX. These reports show the platform’s crypto holdings as a means of proving whether their reserves are adequately collateralized. While exchanges say these reports help to improve transparency, critics say it is not enough as they do not provide details about a platform's liabilities.
Source
https://t.me/Crypto_Bitcoin_Blockchain
