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Audited, Yet Hacked: The Critical Role of Real-Time Monitoring in Web3

[Aug 27 4:30 AM] In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds…

Euler announces 29 audit reports after $4M spent to shore up security

[Aug 12 2:00 PM] Some vulnerabilities in Euler v2 were found and resolved, and a subsequent $1.25 million bug bounty contest found no vulnerabilities of medium or greater severity.

SEC Charges FTX Auditor for Helping Clients Violate Securities Laws

[Oct 1, 2023 9:30 PM] The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities…

What Are Smart Contracts? Unpacking Today’s Digital Agreements

[Sep 10, 2023 12:00 AM] In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they…

Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings

[Sep 6, 2023 1:30 PM] Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum…

Worldcoin releases audit reports showing resolved security issues

[Jul 28, 2023 4:07 PM] The proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated.

U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits

[Mar 21, 2023 3:45 PM] Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system.

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

[Mar 9, 2023 3:30 PM] According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR…

SEC to target crypto firms operating as 'qualified custodians' — Report

[Feb 14, 2023 12:40 AM] If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC.

Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits

[Feb 9, 2023 4:30 PM] Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open…

Elementus Raises $10 Million to Bring Clear Blockchain Analytics to Institutional Customers

[Feb 8, 2023 3:30 AM] Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its…

Snowden to Musk: ‘I Take Payment in Bitcoin’; Big Short Investor Says Audits of Exchanges like Binance and FTX Are ‘Meaningless,’ and More — Week in Review

[Dec 25, 2022 7:32 AM] Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current…

Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges

[Dec 23, 2022 2:30 PM] According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the…

Binance addresses 7 instances of recent FUD via Chinese blog post

[Dec 22, 2022 10:25 PM] Binance is fighting back against the tsunami of FUD it has faced in recent weeks.

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

[Dec 16, 2022 9:30 AM] The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges…