Mazars, the auditing agency working with main cryptocurrency alternate Binance, stated on Friday it has paused all work for shoppers within the crypto business.
The audit agency had carried out a so-called proof-of-reserves verify on Binance’s bitcoin holdings earlier this month, discovering its reserves on a single day in late November had been overcollateralized.
Mazars has deleted the webpage containing a report on the verify, revealed on Dec. 7. Coindesk and Bloomberg reported the story earlier on Friday.
“Mazars has paused its activity relating to the provision of Proof of Reserves Reports* for entities in the cryptocurrency sector due to concerns regarding the way these reports are understood by the public,” the corporate stated in an announcement.
The pause by Mazars comes amid intense scrutiny, sparked by the chapter of the FTX alternate, of how such platforms maintain consumer funds.
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