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Or reconciled via periodic book keeping? This mistake was made 3 weeks ago. The fact that the internet is doing accounting for crypto.com should be a huge red f
by bogomipz 4y ago
Or reconciled via periodic book keeping? This mistake was made 3 weeks ago. The fact that the internet is doing accounting for crypto.com should be a huge red flag.
- jjeaff 4y agoIs it the case that they hadn't caught the error until the public found out? Or just that they hadn't made any statement about the error until they had to? Because if they didn't actually correct the error until it was called out, that makes me think that surely there is something nefarious going on. Like an internal attempt to steal something.
- bogomipz 4y agoYeah, unsure. I just reread the article. It's not entirely clear to me. The CEO's Tweets from today seem to be a feeble attempt at "full transparency" which never seems to work well after the fact. It is also rather light on any meaningful detail around time lines. The last Tweet from him reads very much like "move along, there's nothing to see here." Between this latest oversight, the connection to Ensogo and Wirecard, this CEO seems like just another huckster.[1][2] [1] https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-h... [2] https://www.coindesk.com/markets/2020/06/25/cryptocoms-card-issuer-wirecard-files-for-insolvency/ https://www.coindesk.com/markets/2020/06/25/cryptocoms-card-...