Just last year, the company raised nearly $150 million of fresh capital. Now, as crypto winter drags on, it is cutting jobs, citing “evolving market dynamics.”
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
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.
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards
Mazars says users’ BTC reserves on Binance are fully collateralized
The scope of the AUP was limited to users’ BTC holdings on Binance.
Lack of transparency among project auditors a big problem: Hacken CEO
Dyma Budorin thinks the crypto industry would be much safer if smart contract auditors took responsibility for the code they audited.
How HashEx is developing new auditing methods to outsmart hackers, as told by founder Dmitry Mishunin
Hackers often manually try to find exploits in underlying smart contracts, and mass AI simulation of attacks in contract auditing may just be enough to outsmart such tactics.
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.
Firm That Monitors Coinbase’s 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.
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.
TrueUSD Stablecoin to Add ‘Real Time’ Monitoring of Dollar Backing
TrustToken has announced a new partnership that it says will allow a “real-time” view of the U.S. dollars backing its TrueUSD token.
Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report
Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.
All ‘Big Four’ Auditors to Trial Blockchain Platform for Financial Reporting
The world’s four biggest auditing firms will join 20 banks to trial a blockchain service for validating public companies’ financial reports.
CFO Boost? EY Predicts Blockchain Could Change C-Suite Role
“Big four” professional services firm EY says that blockchain could transform its finance operations and redefine the role of chief financial officer.
Northern Trust and PwC Move to Accelerate Audits with Blockchain
Rather than waiting for periodic reports, auditors of private equity funds on Northern Trust’s blockchain will get the data almost immediately.