Accounting firm Mazars Group suspends certification. Done – The Cryptocurrency Exchange Reservations (POR) audit and the recently published Binance POR have been removed from the web. Mazars had conducted numerous POR audits against cryptocurrency exchanges such as Binance, Crypto.com and Kucoin following the collapse of FTX last month.
Mazars Group suspends audit of cryptocurrency firm, Binance POR removed from web
Accounting firm Mazars Group to close in 2022 The report detailed on December 16 suspended POR audits of cryptocurrency exchanges. On Friday, a Binance spokesperson told CNBC: The spokesperson added, “This means we cannot work with Mazar for the time being.”
This news follows a recent criticism by Kraken’s Jesse Powell on November 25th, and on December 8th he issued a Binance POR audited by Mazars on denounced. Binance’s POR has been in the limelight for quite some time and the company has dealt with a lot of speculation, rumors and FUD. Additionally, Binance experienced a massive withdrawal on his December 13th, with over $3 billion in funds withdrawn from the exchange.
Mazars has not conducted an audit of his POR for the cryptocurrency exchange, but for now the company appears to have removed his Binance POR from the internet. Now, when someone tries to access his Binance audit published by Mazars, the page now says “server not found”. At the time of writing, theCrypto.com audit is still on the web and has not been removed.
The Mazars POR audit drafted for cryptocurrency exchange Kucoin is still available on the web. Compared to Binance’s POR audit, the difference between Crypto.com and Kucoin’s POR audit is that Crypto.com and Kucoin’s documents are hosted on their respective websites. The audit of Binance, which was completed on November 22, 2022 with Bitcoin block high of 764,327, was hosted exclusively on the Mazars website. At the time of writing, Mazars Group has not commented on the situation, nor has it explained why it has suspended his POR audit of the cryptocurrency company.
What are your thoughts on Mazars not auditing cryptocurrency companies and seemingly removing his recent POR audit of Binance from the internet? Let us know what you think about this subject in the comments section.
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