An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Mazars
Binance Auditor Mazars Suspends All Crypto Work
Global audit corporation Mazars has withdrawn its services from all companies in the crypto sector. Mazars' withdrawal comes barely two weeks after its public audit of the Binance exchange. Mazars’ Exchange Auditing Tool Shut Down Per the release, a Binance spokesperson confirmed the news of Mazars’ latest move in a statement on Friday. Going forward, the accounting firm will not conduct business with crypto customers in the US or anywhere in the world. Naturally, the reportedly temporary pause extends to…
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