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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…

Dutch central bank says KuCoin is not licensed and 'illegally offering services'

[Dec 15, 2022 4:10 PM] "This may increase the risk of customers becoming involved in money laundering or terrorist financing," says De Nederlandsche Bank.

Audit firm Mazars to verify KuCoin’s proof of reserves

[Dec 5, 2022 4:00 AM] Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.

Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange

[Nov 20, 2022 12:30 PM] While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown…

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves

[Nov 15, 2022 1:30 AM] Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to…

Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges

[Nov 14, 2022 9:30 AM] During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the forefront of conversations. Another silver lining to…

Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits

[Nov 12, 2022 10:00 AM] When it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to…

OKX, Kucoin say proof of reserves will be ready in a month

[Nov 9, 2022 4:18 PM] Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.