CZ Calls for Custodial Audits for All DAT Companies Amid QMMM “Runaway” Scandal
Following the QMMM collapse, Binance founder CZ demanded third-party custodial audits for all Digital Asset Treasury companies.Summary
Binance founder Changpeng Zhao (CZ) has called for mandatory third-party crypto custodianship and investor-audited accounts for all Digital Asset Treasury (DAT) companies, following the alleged collapse of QMMM. QMMM, a US-listed firm, saw its stock surge dramatically after announcing a $100 million investment in Bitcoin, Ethereum, and Solana reserves, but was subsequently accused by the SEC of stock manipulation, leading to its Hong Kong office being vacated. CZ stated this requirement will be a prerequisite for YZi Labs investments in BNB-affiliated DAT projects. Industry analysts view the QMMM incident as a cautionary tale of speculative deception, and CZ's demand aims to increase accountability and prevent fraudulent schemes from damaging institutional trust in corporate crypto treasuries.
(Source：BeInCrypto)