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Monday, April 21, 2025

Crypto Bankruptcies Have Generated a Wave of New Accounting Clients for Armanino - Decrypt

Clayton Lowery of Armanino LLP joins Decrypt's Dan Roberts and Stacy Elliott at Chainlink SmartCon 2022 to talk about how Armanino conducts its "proof of reserves" audits of crypto lenders like Nexo, how to foresee the next crypto company meltdown, trust in Tether, and scrutiny of stablecoins.
Although bad news for the companies involved, bankruptcies, liquidations, and tokens going to zero have created myriad opportunities for accounting firms like Armanino.
The company, founded in 1969, started looking at providing services to crypto firms back in 2014, and has since built out an entire suite of products under the umbrella of its TrustExporer brand.
“The stuff that happened over the summer really was like what we’ve been planning for and trying to talk to people about,” Clayton Lowery, a senior blockchain manager, told Decrypt at the Chainlink SmartCon event in New York. “It took a couple years and, unfortunately, for a few bad things to happen. But that’s really what we’re...



Read Full Story: https://decrypt.co/111720/crypto-bankruptcies-have-generated-a-wave-of-new-ac...

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