audit

Trust is killing the internet, but decentralization could save it

The council, helmed by 10 firms, aims to set standards for security across the blockchain industry

$1.2 million is one of the largest amounts offered in a security review competition to date

Raft Finance and Kyberswap both underwent multiple audits before being drained

Without security audit standards, apps built on blockchain will continue to fall prey to hacks and exploits

There’s no magical guarantee that comes with the word “audit” — let’s start calling things what they really are

While ill-gotten gains from exploits are significantly down from the same period compared to last year, hacks continue to pose a clear danger for budding DeFi ecosystems

Accounting firms acting as crypto ‘auditors’ are warned to disassociate with clients if they spot misleading statements — or tell the SEC

Bloomberg found that nearly half of crypto companies recently surveyed receive audit services from Deloitte, EY, PwC or KPMG

The Institute of Internal Auditors said it wants an independent internal audit function at all US crypto exchanges to restore investor confidence in the industry

The US audit watchdog has warned not to put too much stock in proof of reserve reports from crypto companies

Circle, who for years partnered with firm Grant Thornton for its audits, makes the switch to Deloitte as various accounting firms express concern over working with crypto companies

The exchange is looking for another auditor to validate proof of reserves after reports that Mazars and Armanino are pausing work in the sector

Tether has promised a full review of its books for more than five years, ever since questions of its reserves began to circulate

The news comes as regulators around the world have moved to bring further oversight to the cryptocurrency industry.