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I think the point was, it wasn't even an audit, and Mazars is worried that people will misconstrue it as them giving Binance a clean bill of health (and then ha
by dash2 4y ago
I think the point was, it wasn't even an audit, and Mazars is worried that people will misconstrue it as them giving Binance a clean bill of health (and then hate Mazars if Binance comes crashing down).
Also, presumably Binance has reserves because it needs them. Also, wouldn't the same logic apply to FTX? But then it turned out they were playing with the customers' money.
- dwighttk 4y ago>Mazars is worried that people will misconstrue it as them giving Binance a clean bill of health If they saw the same headlines I did they were worried that people were misconstruing it as them giving Binance a clean bill of health
- seydor 4y agoThe title puts "halts proof of reserves work" next to "outflows hit $6B", which on quick reading implies that they halted the actual "audit" presumably because something went wrong , hence why i think it's misleading And while the article makes it clear that they withheld their report for PR reasons, I'm sure most people here will assume that the "audit" went wrong
- dash2 4y agoIt's a journalist's job to be suspicious. Yeah, maybe it's a total coincidence that these things happened together. Maybe the rat just happened to be leaving this listing and waterlogged ship! To visit its relatives! But that's not how a journalist thinks.
- jacquesm 4y agoEspecially not when the rats have very recently been going over the waterline of the ship looking for holes.
- deleted 4y ago[deleted]
- seydor 4y agoKeeping in mind that it is indeed not a coincidence, since the whole reason why binance wanted the "audit" is the whole crypto debacle and FTX, and that auditors did not wish to audit any non-us-based exchange