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Besides reaffirming its dedication to security and user protection, Bad Idea AI took a significant step by undergoing a thorough CertiK audit to address these concerns.
New York Attorney General Letitia James proposed the Crypto Regulation, Protection, Transparency, and Oversight Act or CRPTO Act which would regulate all facets of the cryptocurrency industry including registration, disclosure, audit and business conduct rules.
While Certik maintains that it has no responsibility for what transpired at MerlinDEX, it "is actively investigating" the recent exit scam.
When Binance released its proof of reserves (PoR), which it claimed was its "next step" in its "commitment to transparency and fostering trust in the ecosystem," in November many disapproved of it.
What happened to FTX, regardless of what its auditors said, questioned their work and, as a domino effect, sent other crypto auditing firms to reevaluate the work they have done for their crypto