Accounting firm Mazars has become popular among cryptocurrency investors in recent weeks. After all, it was responsible for auditing three giants: Binance, Crypto.com, and KuCoin. However, the company is breaking away from this segment.
The information is from a Binance spokesperson. Speaking to Bloomberg, the source stated that Mazars will be, too It will temporarily stop working with all clients [do ramo] of cryptocurrencies.
Although Mazars itself did not immediately comment on the matter, it is no longer possible to find audits of the aforementioned brokerage firms.
Not just service pages Mazars Veritas They were removed, as were the PDF documents. This means that the company not only “paused” this service, but also deleted everything related to it. Meanwhile, other Mazars pages remain active.
Mazars’ audit has drawn criticism
Although Mazars itself did not comment on its decision, it is worth noting that the Binance audit was heavily criticized by Jesse Powell, the founder of Kraken.
On this occasion, Powell asked the journalists to investigate the matter, pointing out the points of failure in the scrutiny. Among them, the inclusion of negative balances, the lack of signing of titles and the use of warranties in accounting.
“Okay, I’ll give you a tip. That’s just the easy stuff saying this is not traditional evidence of a hold and should be investigated immediately by real journalists.”Jesse Powell wrote about a week ago.
Mazars, an accounting firm, is emerging from the cryptocurrency market
Whoever brought the information about Mazars’ departure from the crypto world was a Binance spokesperson. In a note sent to Bloomberg on Thursday (15), he confirmed that the decision is temporary.
Mazars has indicated that it will temporarily stop working with all of its customers [do setor] of cryptocurrencies globally, which includes Crypto.com, KuCoin, and Binance. Unfortunately, this means that we will not be able to work with Mazars at this time.”
Therefore, the market is about to experience another drama. Is Mazars withdrawal related to attempted manipulation by these brokers? Are your recent audits unreliable? These are the questions that must be answered.
As a result, bitcoin emerged with a drop of more than 3%, and is back trading below $17,000 after losing not only $1,000 but again investor confidence.
Other cryptocurrencies follow the same trend. Binance’s BNB token is below $250 with a daily drop of 5%. This is the lowest value since July this year, reflecting the current situation of brokerage.
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