CZ Calls for Custodial Audits for All DAT Companies Amid QMMM “Runaway” Scandal

Binance founder Changpeng Zhao (CZ) has called for stricter safeguards in the Digital Asset Treasury (DAT) sector. His Remarks follow the alleged collapse of QMMM, a US-listed firm accused of market manipulation and fleeing its Hong Kong office. The scandal, widely described as the first “runaway Microstrategy”, has sparked renewed debate about transparency and accountability among publicly traded companies investing heavily in crypto reserves. CZ Demands Custodial Oversight for DAT Firms In a post on X (Twitter), CZ said all DAT companies must use third-party crypto custodians and have their account setups audited by investors source: https://beincrypto.com/cz-seeks-strict-audits-qmmm-collapse/