Mazars Group, the accounting firm used by crypto giant Binance Holdings Ltd. and other big players in the industry to vouch for their assets held in reserve, has halted all work for crypto clients, dealing a major blow to an industry seeking to shore up confidence in the wake of FTX’s collapse.
The French firm suspended work for cryptocurrency firms because of indications that markets haven’t been reassured by the “proof-of-reserves” reports it had published so far, according to an email from the firm seen by Bloomberg News. The firm was also concerned about intense media scrutiny, the email said.
Source: Mazars to Pause All Work for Crypto Clients, Binance Says – Bloomberg
