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Binance Hires Audit Firm That Served Donald Trump To Verify Crypto Reserves

Cryptocurrency exchange Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX.

Mazars, the accounting firm that worked for former United States President Donald Trump’s company, was appointed as an official auditor to conduct a “third party financial verification” as part of Binance’s PoR updates, The Wall Street Journal reported on Nov. 30.

The accounting firm is reportedly already reviewing all Binance’s publicly shared information on Bitcoin (BTC) PoR and will also be verifying future updates and tokens, a spokesperson for Binance reportedly said. “The first verification update for BTC will be completed this week,” the representative added.

(By HELEN PARTZ)

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