Maybe an audit shows they are too solvent, only achievable with profits from a prior leverage of protected customer funds that they don't want to reveal. Say w

Maybe an audit shows they are too solvent, only achievable with profits from a prior leverage of protected customer funds that they don't want to reveal. Say with Tether instead, if they invested in junky stuff but none of it went bust and they made way more than investing in t-bills or whatever they promised, then they may not want an audit to reveal they have 3X more than enough to cover outstanding tether, something t-bills couldn't have achieved.