Binance proof-of-reserves removed from the auditor's site
Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed PoR audits from its site. Crypto exchange Binance has seen its proof-of-reserve (PoR) audits removed from the auditor Mazars’ website. Mazars’ official website shows they fully discontinued Mazars Veritas, a section dedicated to cryptocurrency exchange audits. The tool was developed by Mazars in order to bring “trust and transparency to the digital asset sector,” using Silver Sixpence Merkle Tree Generating tool to complement PoR reports. The news comes amid Bloomberg reporting that Mazars stopped doing PoR for cryptocurrency companies. Some other audit ing firms like FTX’s auditor Armanino have also reportedly stopped working with crypto exchanges like OKX and Gate.io. Mazars is widely known as the accounting firm of former United States President Donald Trump’s company. The audit ing firm was appointed as an official auditor Binance’s PoR updates in late November. A number of riva...