After Binance, cryptocurrency exchange KuCoin also agreed with Mazars, former US President Donald Trump’s accountant, for a proof of reserve audit.
In an announcement made by KuCoin on December 5, for proof of reserve mazars It was announced that an agreement was reached with In line with the aforementioned agreement, Mazars provides additional transparency and reporting to the exchange clients regarding the confirmation of assets owned by KuCoin, whether their covered assets are secured or not. Bitcoin (BTC) and Ethereum (ETH), Tether (USDT) and USD Coin (USDC) for detailed reporting.
The reserve report is expected to be completed and shared on the KuCoin official website in a few weeks. KuCoin CEO Johnny Lyu, said that this move is the next step in the exchange’s efforts to provide transparency over users’ funds. KuCoin’s partner Wiehann Olivier He also made the following statements about this step taken:
After recent events, there is a serious need for more transparency in the industry. We are confident that the PoR (Proof of Reserve) service Mazars offers to KuCoin and other international cryptocurrency exchanges will help build trust through transparency.
Paris-based international accounting firm Mazars, for a long time Donald Trump After working in collaboration with in 2022 Trump reportedly cut ties with his family. Recently at Binance announced that it had agreed with Mazars for proof of reserve.