The audit reports of crypto exchanges were anything but an audit, says Dan Ashmore

Coinjournal’s Dan Ashmore told CNBC that the audit reports by cryptocurrency exchanges were not really audited reports.
The analyst pointed out that the reports only indicated the assets held by the exchanges and didn’t reveal the liabilities of the companies.
Several exchanges, including Binance and OKX, have published their proof of reserve reports in the last few months.
Proof of reserves didn’t include liabilities
Dan Ashmore, a cryptocurrency analyst at Coinjournal, t