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I feel like if I were a Binance investor and they came to me and said “Hey so everything is fine, just look at these three numbers I asked Mazars to write down.
by fisherjeff 4y ago
I feel like if I were a Binance investor and they came to me and said “Hey so everything is fine, just look at these three numbers I asked Mazars to write down. Also there are a ton of caveats but you get the idea,” I would immediately 100% panic. How does this reassure anyone?
- Hamuko 4y ago>How does this reassure anyone? By only saying "Hey, so everything is fine, just look at this fancy report with a fancy name on it" and assuming that they don't actually read it.
- fisherjeff 4y agoOrdinarily I'd say no that doesn't make sense - their investors are sophisticated and they have teams that dig into this sort of thing all day long. After FTX, I don't think that holds as much water anymore.