Crypto exchange Binance has seen its proof-of-reserve (PoR) audits removed from the auditor Mazars’ website.

Mazars’ official website shows they fully discontinued Mazars Veritas, a section dedicated to cryptocurrency exchange audits. The tool was developed by Mazars in order to bring “trust and transparency to the digital asset sector,” using Silver Sixpence Merkle Tree Generating tool to complement PoR reports.

The news comes amid Bloomberg reporting that Mazars stopped doing PoR for cryptocurrency companies. Some other auditing firms like FTX’s auditor Armanino have also reportedly stopped working with crypto exchanges like OKX and Gate.io.

(By HELEN PARTZ)

Related News: 

Binance News: Glassnode Data Reveals Under Reporting Of PoR Assets

Binance Futures Integrated With Charting and Trading Platform TradingView

Binance CEO Has Traveled to US Without Publicizing It, Spokesperson Says

CZ Says Kevin O’Leary Is Making a Bunch of Nonsense Claims Against Binance

Kevin O'Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It