Major crypto exchanges are rushing to provide users with more transparency in the wake of the FTX collapse
Mazars also didn’t express “an assurance conclusion,” which means that the numbers might not be entirely accurate. There was no information regarding the exchange’s total assets and total liabilities. The rapid implosion of the FTX exchange promoted other major industry players to provide users with more transparency regarding their reserves.
, according to a recent report by Ark Invest, centralized exchanges recorded the largest net outflows in history. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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