Mazars Suspends Crypto Clients Amid Reserves Concerns 🚨

Mazars Group has suspended all work with crypto clients, including Binance, KuCoin, and Crypto.com, after the global accounting firm released “proof of reserve” reports for several digital asset exchanges. On Dec. 9, Crypto.com published a proof of reserves, indicating that customer deposits were 100% backed by Crypto.com’s reserves. KuCoin said its proof of reserve report was already delivered by Mazars.