DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors
Decentralized U.S. dollar stablecoin protocol Raft claims that despite multiple security audits, the firm still suffered a security exploit leading...
auditors
DeFi gets a ‘SEAL’ team as white hat hackers, auditors join forces
One week since Curve Finance’s $70 million exploit and almost three-quarters of the stolen funds have been returned. But the...
Crypto auditors risk suspension over misleading claims: SEC chief accountant
Accounting firms engaging with the crypto industry as ‘auditors’ must pay close attention to antifraud regulations or face censure or...
Crypto Auditors Tested by Revenue, Unusual Transactions (1)
Auditors fell short in rooting out unusual transactions and assessing whether crypto mining revenue was booked correctly when vetting the...
ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges
While generative artificial intelligence (AI) is capable of doing a vast variety of tasks, OpenAI’s ChatGPT-4 is currently unable to...
United States lawmakers call for accountability from crypto auditors
U.S. Senators Elizabeth Warren and Ron Wyden are calling for more accountability from crypto auditors. The lawmakers are alleging that...
Revolut Auditors Concerned Over its Revenue Figures
Revolut increased its revenue by 33% last year, riding the crypto wave, but auditors are concerned about the 2021 revenue...
US watchdog should step up oversight of crypto auditors, say Democratic senators
US Democratic Senators Elizabeth Warren and Ron Wyden are calling on the country’s accounting watchdog to increase oversight of firms...
Auditors Spurn Crypto After FTX, Misleading Reserve Estimates
In the rush to reassure customers and the markets, crypto exchanges like Kraken and Binance Holdings Ltd. in 2022 touted...
SEC Heightens Probe Into Auditors Servicing Crypto Exchanges – Bitcoin News
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring...