Auditing

Former FTX 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 operation...
Former FTX Sam-Bankman-Fried (Danny Nelson/CoinDesk)

(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.
(MirageC/Getty Images)

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...
Huobi Global on smartphone (Shutterstock)

Crypto auditing protocol Sherlock raised $4 million in a funding round. (Horst Schwalm/Pixabay)
Crypto Auditing Platform Sherlock Raises $4M in Funding
The protocol features an open auditor competition to help find smart contract vulnerabilities
Crypto auditing protocol Sherlock raised $4 million in a funding round. (Horst Schwalm/Pixabay)

(Shutterstock)
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 Reporti...
(Shutterstock)

Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (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 Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Twitter/Bitfinex, modified by CoinDesk)

Tether Chief Technology Officer Paolo Ardoino (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.
Tether Chief Technology Officer Paolo Ardoino (Twitter/Bitfinex, modified by CoinDesk)

Alexandre Lores on CoinDesk TV's "First Mover." (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 t...
Alexandre Lores on CoinDesk TV's "First Mover." (Modified by CoinDesk)

PwC image via Shutterstock
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 image via Shutterstock

Code image via shutterstock
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 image via shutterstock