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French accounting firm Mazars will reportedly stop working for Binance and other crypto companies

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Mazars has reportedly suspended work for cryptocurrency companies due to media scrutiny and signs that markets are not confident about the work it has done.

A French accounting firm that was providing proof-of-reserves auditing data for Binance and other cryptocurrency companies has reportedly said it would cease to work for those companies.

A... A French accounting firm that was providing proof-of-reserves auditing data for Binance and other cryptocurrency companies has reportedly said it would cease to work for those companies. A Binance spokesman confirmed to Bloomberg in an email that Mazars would not be working with them “for the moment.” The Paris-based firm has been leading the crypto industry’s drive to produce proof-of-reserves and has also worked for Crypto.com and Kucoin.Binance CEO Changpeng Zhao said Thursday that most major audit firms don’t know how to properly audit a cryptocurrency company, when asked why the company hadn’t produced a full audit, in an interview with CNBC.

 

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