News coming in that Mazars has stopped work for all crypto clients including Binance, Crypto dot com, Kucoin etc.

Mazars has apparently stopped work for all crypto clients including binance and crypto dot com. Mazars earlier published AUP’s/proof of reserves for these companies. Apparently, the decision has to do with the instability and heightened risks in crypto markets,

The mazars proof of reserves page has been down for a few hours.

The story popped up in Bloomberg terminals

​

This is from a Bloomberg reporter

The AUP reports were widely mistaken for audits whereas the reports clearly stated their purpose.

Some speculation on twitter seems to suggest the decision to stop this work comes from Mazars higher management, who wouldnt want to get involved in a lot of social media drama over their professional engagements.