4 ms·

There's a rumor making the rounds that this $400M transfer was not an accident, but an intentional part of a scheme to defraud auditors. The rumor is currently

There's a rumor making the rounds that this $400M transfer was not an accident, but an intentional part of a scheme to defraud auditors. The rumor is currently unconfirmed.

caminante 4y ago
> defraud auditors Huh? Why would you take money from auditors? What's the scheme?
- therein 4y ago
  Exchange A has an audit, asks Exchange B to temporarily send some large amount of funds while the Exchange A captures a snapshot of their reserves for the audit.
  - caminante 4y ago
    Ah! Not quite, but similar to "check kiting".