auditing

CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)
'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits
An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations.
CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

CDCROP: Magnifying Glass Focusing Sunlight Into a Spot (MirageC/Getty Images)
‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX
Several exchanges, including Binance, have announced plans to use the auditing technique to reassure customers.
CDCROP: Magnifying Glass Focusing Sunlight Into a Spot (MirageC/Getty Images)

CDCROP: Huobi Global on smartphone (Shutterstock)
Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings
As of Nov. 12, there were 191.84 million Huobi tokens on the platform. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days.
CDCROP: Huobi Global on smartphone (Shutterstock)

CDCROP: Dollar Bills $1 (Horst Schwalm/Pixabay)
Crypto Auditing Platform Sherlock Raises $4M in Funding
The protocol features an open auditor competition to help find smart contract vulnerabilities
CDCROP: Dollar Bills $1 (Horst Schwalm/Pixabay)

Revolut
Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
The auditor of Revolut, a digital bank that earns up to 10% of revenue from crypto trading, was criticized by the U.K. accountancy and auditing watchdog, the Financial Reporting Council (FRC).
Revolut

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)
Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves
The newspaper reported that the firm's assets outweigh its liabilities by just $191 million, implying a relatively "thin cushion of equity."
Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)
New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings
BDO Italia said the holdings fell 58% to $8.5 billion at the end of the most recent quarter.
DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)

(Alexandre Lores, CoinDesk TV, modified by CoinDesk)
Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
The director of blockchain market research Quantum Economics said during CoinDesk TV's "First Mover" that Tether should be more transparent about “what they actually hold on their balance sheets.”
(Alexandre Lores, CoinDesk TV, modified by CoinDesk)

PwC
PwC Switzerland Incorporates ChainSecurity Team to Expand Blockchain Audit Tools
Officially, it’s not an acquisition. But seven technical engineers are joining the accounting firm to bolster its smart contract auditing abilities.
PwC

code analysis
Firm That Monitors USDC Stablecoin Audited Over $10 Billion in Client Assets
Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.
code analysis