Fallout from the catastrophic collapse of the cryptocurrency exchange FTX continues to spread, and fear and panic has now turned to FTX's one-time rival, Binance.
In the latest blow, international accounting firm Mazars abruptly stopped verifying Binance's "proof of reserves," a report intended to show the company has enough money on hand to back up customer deposits. Mazars, known for cutting ties with former President Donald Trump earlier this year, suspended its work for all crypto companies on Friday, according to Binance.
