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No extra proof-of-reserve checks? Auditors quietly drop crypto initiatives from portfolios By Cointelegraph



Because the FTX collapse highlighted the necessity for extra transparency from centralized crypto exchanges, working with auditors has been the transfer by high crypto buying and selling platforms to guarantee customers that their belongings are high-quality. Nonetheless, two of essentially the most distinguished auditors have all of a sudden dropped their crypto auditing companies, leaving exchanges hanging at a really essential time.

In the meanwhile, the official web site of the French auditing agency Mazars Group reveals that its part, referred to as Mazars Veritas, which is devoted to crypto audits is now offline. The agency labored with a number of of essentially the most distinguished crypto exchanges together with Binance, KuCoin and Crypto.com.