Search Results for: Audit

Animoca Brands Releases Key Unaudited Financial Report, Portfolio investments Worth Over $1.5Bn

Hong Kong-based Animoca Brands has released the company’s key unaudited financial and business highlights for the last three months of 2021 and the first four months of 2022. According to the report, the blockchain gaming specialist ended bookings and other income of A$213 million (approximately US$148 million) on December 31, 2021, for three months. While A$827 … Continue reading Animoca Brands Releases Key Unaudited Financial Report, Portfolio investments Worth Over $1.5Bn

Crypto-Friendly Revolut under Pressure after UK Regulators Find Audit Flaws

UK financial regulators have identified flaws in the auditing accounts of Revolut, a British neobank offering crypto investment services. The Financial Times media reported the matter on Monday. According to the Financial Times, The Financial Reporting Council (FRC), a UK watchdog responsible for regulating auditors, accountants, and actuaries, recently issued a report showing that an … Continue reading Crypto-Friendly Revolut under Pressure after UK Regulators Find Audit Flaws

OKX publishes proof-of-reserves website with self-audit instructions

OKX, a cryptocurrency exchange, has launched a proof-of-reserves website that enables customers to audit its reserves to ensure that company is solvent. This comes at a time when cryptocurrency exchanges are under increased scrutiny after the demise of FTX. OKX introduced the new website through Twitter and its blog. When completing an audit of the … Continue reading OKX publishes proof-of-reserves website with self-audit instructions

Binance employs Trump audit company to check crypto reserves

The United States branch of Mazars served as the corporation of former United States President Donald Trump’s accounting firm for a significant amount of time. In order to carry out the proof-of-reserve (PoR) audits that were prompted by the decline of FTX, the cryptocurrency exchange Binance is collaborating with the accounting firm Mazars. According to … Continue reading Binance employs Trump audit company to check crypto reserves

Flare Partners With Blockchain Security Specialist FYEO For Ongoing Audits

Dubai, UAE, 26th January, 2023, Chainwire Flare is pleased to announce an official partnership with blockchain security specialist, FYEO. The firm will perform ongoing security audits of Flare’s codebases, providing actionable feedback to support safer smart contract development and help to minimize risk for all users of the network. Rigorous professional auditing and testing are … Continue reading Flare Partners With Blockchain Security Specialist FYEO For Ongoing Audits

Euler Finance Audited 10 Times Before $196 Million Attack

Euler Finance, an Ethereum-based lending protocol, underwent 10 audits from six different blockchain security firms between May 2021 and September 2022. The audits ranked the risk assessment of the platform, measuring the “likelihood of a security incident” and the impact it may have. The risk level for Euler ranged from very low and informational to … Continue reading Euler Finance Audited 10 Times Before $196 Million Attack

Worldcoin Protocol Undergoes Comprehensive Security Audits

Worldcoin, a blockchain-based protocol that integrates both off-chain and on-chain components, a proof of humanity protocol co-founded by Sam Altman of OpenAI, recently underwent two separate security audits. The audits were conducted by Nethermind and Least Authority, two reputable audit firms, beginning in April 2023. The protocol’s implementation, which includes its use of cryptographic constructs and smart … Continue reading Worldcoin Protocol Undergoes Comprehensive Security Audits

SEC Charges UK Audit Firm Crowe and Senior Executives Over Deficient Audit of Akazoo

The U.S. Securities and Exchange Commission (SEC) has charged London-based audit firm, Crowe U.K. LLP, its CEO, Nigel Bostock, and senior auditor, Matthew Stallabrass, concerning their deficient audit of the music streaming company, Akazoo Limited. The parties involved have agreed to settle the SEC’s charges. In the SEC’s order, it was revealed that Crowe U.K. … Continue reading SEC Charges UK Audit Firm Crowe and Senior Executives Over Deficient Audit of Akazoo

SEC Charges FTX Auditor Prager Metis Over Independence Violations

On September 29, 2023, the Securities and Exchange Commission (SEC) announced legal charges against the international accounting firm Prager Metis CPAs, LLC and its Californian counterpart, Prager Metis CPAs LLP (jointly referred to as Prager), for alleged violations of auditor independence rules and for supposedly aiding and abetting their clients in breaching federal securities laws. … Continue reading SEC Charges FTX Auditor Prager Metis Over Independence Violations

dYdX Chain Audit Reveals Zero Critical Issues, Confirms Informal Systems

Decentralized exchange platform dYdX has successfully undergone a full security audit of its Chain code, conducted by Informal Systems. The news was announced on dYdX’s official Twitter account and later reposted by the company’s founder, Antonio. The audit aimed to ensure the safety and security of the dYdX Chain software, a top priority for the … Continue reading dYdX Chain Audit Reveals Zero Critical Issues, Confirms Informal Systems

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