‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX
Several exchanges, including Binance, have announced plans to use the auditing technique to reassure customers.
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Nov 17, 2022 at 2:48 p.m. UTC
Nov 17, 2022
auditing
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Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings
As of Nov. 12, there were 191.84 million Huobi tokens on the platform. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days.
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Nov 13, 2022 at 6:04 a.m. UTC
Nov 13, 2022
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Crypto Auditing Platform Sherlock Raises $4M in Funding
The protocol features an open auditor competition to help find smart contract vulnerabilities
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Sep 14, 2022 at 1:00 p.m. UTC
Sep 14, 2022
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Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
The auditor of Revolut, a digital bank that earns up to 10% of revenue from crypto trading, was criticized by the U.K. accountancy and auditing watchdog, the Financial Reporting Council (FRC).
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Sep 5, 2022 at 12:49 p.m. UTC
Sep 5, 2022
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Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves
The newspaper reported that the firm's assets outweigh its liabilities by just $191 million, implying a relatively "thin cushion of equity."
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Aug 30, 2022 at 11:53 a.m. UTC
Aug 30, 2022
New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings
BDO Italia said the holdings fell 58% to $8.5 billion at the end of the most recent quarter.
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Aug 19, 2022 at 12:55 p.m. UTC
Aug 19, 2022
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Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
The director of blockchain market research Quantum Economics said during CoinDesk TV's "First Mover" that Tether should be more transparent about “what they actually hold on their balance sheets.”
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May 24, 2022 at 9:32 p.m. UTC
May 24, 2022
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PwC Switzerland Incorporates ChainSecurity Team to Expand Blockchain Audit Tools
Officially, it’s not an acquisition. But seven technical engineers are joining the accounting firm to bolster its smart contract auditing abilities.
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Jan 10, 2020 at 9:16 p.m. UTC
Jan 10, 2020
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Firm That Monitors USDC Stablecoin Audited Over $10 Billion in Client Assets
Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.
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Jul 26, 2019 at 1:00 a.m. UTC
Jul 26, 2019
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When the Dust Settles: The Bitfinex Probe Reveals Structural Weaknesses
The Bitfinex probe highlights not just the lack of reliable banking, but also – somewhat overlooked – the lack of auditing services, says Noelle Acheson.
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May 12, 2019 at 1:00 p.m. UTC
May 12, 2019