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“In response to evolving market dynamics, CertiK undertook a strategic workforce adjustment today, impacting fewer than 15% of our colleagues," according to an emailed statement from co-founder and CEO Ronghui Gu. "Our primary aim is to recalibrate our team structure to better align with our long-term strategic aspirations. CertiK remains
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The SEC has filed a lawsuit against the accounting firm Prager Metis for allegedly violating auditor independence rules in relation to its work for cryptocurrency exchange FTX. According to a statement released by the United States Securities and Exchange Commission (SEC) on Sept. 29, Prager Metis provided both auditing and accounting
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The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against an accounting firm that had previously provided services to the now-defunct cryptocurrency exchange FTX.According to a September 29 statement, the SEC alleged that Prager Metis provided auditing services to its clients without maintaining the necessary independence, as
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Fees charged by the lawyers and the restructuring team working on the bankrupt crypto exchange FTX have topped $200 million in just over seven months, but an independent auditor argues it makes sense, given the mammoth task.On June 20 the court-appointed fee examiner, Katherine Stadler, filed a 47-page report on
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The episode highlights yet another chokepoint for the blockchain industry: It's become harder for crypto startups to enlist big accounting firms to do audits and asset attestations. Original Source
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The $8m Platypus flash loan attack was made possible because of code that was in the wrong order, according to a post mortem report from Platypus auditor Omniscia. The auditing company claims the problematic code didn’t exist in the version they saw. In light of the recent @Platypusdefi incident the
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Uniswap’s recently launched bug bounty program has led to the discovery of a now-fixed vulnerability of the protocol’s Universal Router smart contract.The automated market maker released two new smart contracts to its platform in November 2022. Permit2 allows token approvals to be shared and managed across different applications, while Universal
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“If the exchange is not using its collateral to borrow money, it doesn't really matter what the clean reserves are. If every customer’s crypto is fully held 1:1 in proper wallets, it doesn’t really matter,” he told CryptoX via Telegram. “What is more important, is knowing the exchange's liabilities amount.
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"Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance. Unfortunately, this means that we will not be able to work with Mazars for the moment," a Binance spokesperson said. The suspension was reported earlier by Bloomberg. Original
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SCV will try to maintain a "bare minimum" of security across the Terra ecosystem. Source
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