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I may have misunderstood. The first paragraph of your comment seems reassuring (like it's just risk aversion at Mazars) but then:

> If this was a canary in the coalmine it just started wheezing strangely and it looks a little dizzy.

sounds like a reason to leave the mine (i.e. there's something really wrong and this is a warning sign).



If it sounded reassuring to you then I should work on my writing skills, it certainly wasn't meant that way.

> sounds like a reason to leave the mine.

Absolutely, if you have funds in this - and any other unaudited - exchange GTFO or you may lose everything. Either their claim that they have the funds is real and you get your money and later you can re-deposit it or you'll be at least not one of the ones left holding the bag.


I read it as a mid-tier accounting firm selling their seal of approval to raise income on sketchy accounts. That's not really news (or effective) unless the accounting firm has some respectability (like Aurthur Anderson ;^).


I've been in the financial services world since 2007 and have come across Mazars about as often as I've seen work from the big 4, they're simply a bit lower on the totem pole image wise but their non-crypto departments deliver pretty solid work.

The big differentiators are the price point and their ability to create an army of consultants on a moments notice where required. The big four clearly have an edge in those cases - at a price.

If Mazars is heading out the door you should try to beat them to the curb.


In this analogy, the canary is Mazars and the mine is crypto. Nothing about the comment is reassuring for crypto.




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