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Except there was no audit, only an attestation. Outflows are as good as they were for FTX - if there is no 100% coverage of customer deposits.
by lobochrome 4y ago
Except there was no audit, only an attestation.
Outflows are as good as they were for FTX - if there is no 100% coverage of customer deposits.
- jacquesm 4y agoChartered accounts are liable for their work. Both Mazars and BDO have already been warned by the UK regulators their oversight is insufficient in July of this year. If they end up being associated with Binance and Binance goes under it could well take Mazars with it, there is good precedent for that, see Enron and Arthur Andersen.