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

A French accounting firm that was providing proof-of-reserves auditing data for Binance and other cryptocurrency companies is suspending work for those companies, according to Binance.

Bloomberg News earlier reported on the new policy, saying that it came amid media scrutiny and signs that markets were not confident about the work Mazars had done to vouch for their reserves thus far.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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Oh boy, they found out where Catherine Cooley was buried cz_binance

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French accounting firm Mazars will reportedly stop working for Binance and other crypto companiesMazars has reportedly suspended work for cryptocurrency companies due to media scrutiny and signs that markets are not confident about the work it has done.
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Stock Market News Today: Dow Drops 100 Points; Mazars Pauses Crypto WorkThe Dow fell more than 200 points in early trading, as markets look set to close a bumpy week on a negative note '.. a bumpy week' ? S&P lost 4.45% in 3 days.
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