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They only had $4.2B in cash during their last attestation. The rest was unknown treasuries and commercial paper.

• rglullis 4y ago
  Who cares about their attestation? It is not a proper audit. They could just borrow money from Bitfinex, take a screenshot of them holding the money, saying "see, we have money" and then return to Bitfinex on the same day. Their attestation is as worthless as their word.
  • alangibson 4y ago
    Totally true. That's just the closest thing to actual information we have.
  • saalweachter 4y ago
    They probably didn't have more cash than they claimed during their attestation, though, so it's a reasonable upper bound.
    • rglullis 4y ago
      Upper bound, yes. Reasonable, no. They are not a reliable narrator, and they have been convicted in multiple jurisdictions over fraudulent statements. There is no "reasonable" argument that this time they should be trusted. This will only be solved when completely implode or in the miracle shot that they pass through a rigorous independent audit.