Quote from: zasad@ on December 24, 2022, 07:40:53 PM

Quote from: iv4n on December 23, 2022, 05:46:05 PM

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Answer the question, why did all 4 of the world's largest auditors refuse to work with crypto exchanges?
But because the SEC said that they will be very painful to beat on the ass.
Maybe it's better to spend energy on fighting fraud?

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Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers are reportedly turning down chances to audit Binance despite a long history with Coinbase.

According to the largest cryptocurrency exchange by volume, the top audit companies are currently unwilling to carry out a proof-of-reserves audit for a private cryptocurrency company.

Source: https://beincrypto.com/big-four-accounting-firms-unwilling-audit-binance-despite-long-history-coinbase/

Excellent reading, at least I think so. And if I get you right, you say that auditor firms are afraid of SEC, by this article I would say you are right. Their excuse to not audit crypto exchanges can't be interpreted differently.

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Meanwhile, Armanino, another auditing firm, has also announced that it would no longer be taking on cryptocurrency clients soon after its client FTX went bankrupt. Armanino was reportedly named in a class-action complaint last month for failing to uncover violations at FTX.US.

What do you think, did they know what was happening with FTX?