Binance, KuCoin, and Crypto.com are some of the companies that have used the service.
CZ has previously said that audit firms are hesitant to engage with crypto companies.
Binance, a cryptocurrency exchange, said on Friday that its auditor, Mazars, has ceased services for cryptocurrency enterprises, including cryptocurrency exchanges, as reported by Bloomberg.
A representative for Binance claims that the French accounting firm Mazars would not provide services, such as proof of reserves, to cryptocurrency exchanges. Binance, KuCoin, and Crypto.com are just some of the companies that have used the service. The company is of the opinion that proof-of-reserves reports have not quelled concerns in the cryptocurrency sector.
Hesitant to Engage
The CEO of Binance, “CZ,” has previously said that audit firms are hesitant to engage with cryptocurrency companies. Binance’s CEO tweeted, “Blockchains are public, permanent records. It’s the most auditable ledger. Over-collateralized Bitco
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