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Your link is to an attestation, not an audit, and it was performed by a company in the Cayman Islands that changed its name and is still under investigation by
by lizknope 4y ago
Your link is to an attestation, not an audit, and it was performed by a company in the Cayman Islands that changed its name and is still under investigation by the United Kingdom government
https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/ https://www.coindesk.com/markets/2022/01/26/tethers-new-acco...
- sgt101 4y agoHopefully you can link to Tether's audit? ???
- lizknope 4y agoThere is no audit. That's why they produced that bullshit attestation. Tether has been saying they would produce an audit since July 2021, that's a year ago! https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel-fears-about-stablecoins-backing.html https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel... This is long but fascinating. Tether is a scam, it just hasn't fallen apart yet. https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 https://crypto-anonymous-2021.medium.com/the-bit-short-insid...
- 908087 4y ago
- dgellow 4y agoThey have never been audited. They only ever published attentions.
- mccorrinall 4y agoIt is, but it still shows that tether invested multiple billions in digital assets and other bullcrap. I hope those were not margin loans for leveraged positions.