9 ms·
I may have misunderstood. The first paragraph of your comment seems reassuring (like it's just risk aversion at Mazars) but then: > If this was a canary in the
by leereeves 4y ago
I may have misunderstood. The first paragraph of your comment seems reassuring (like it's just risk aversion at Mazars) but then:
> If this was a canary in the coalmine it just started wheezing strangely and it looks a little dizzy.
sounds like a reason to leave the mine (i.e. there's something really wrong and this is a warning sign).
- jacquesm 4y agoIf it sounded reassuring to you then I should work on my writing skills, it certainly wasn't meant that way. > sounds like a reason to leave the mine. Absolutely, if you have funds in this - and any other unaudited - exchange GTFO or you may lose everything. Either their claim that they have the funds is real and you get your money and later you can re-deposit it or you'll be at least not one of the ones left holding the bag.
- kurthr 4y agoI read it as a mid-tier accounting firm selling their seal of approval to raise income on sketchy accounts. That's not really news (or effective) unless the accounting firm has some respectability (like Aurthur Anderson ;^).
- jacquesm 4y agoI've been in the financial services world since 2007 and have come across Mazars about as often as I've seen work from the big 4, they're simply a bit lower on the totem pole image wise but their non-crypto departments deliver pretty solid work. The big differentiators are the price point and their ability to create an army of consultants on a moments notice where required. The big four clearly have an edge in those cases - at a price. If Mazars is heading out the door you should try to beat them to the curb.
- ip26 4y agoIn this analogy, the canary is Mazars and the mine is crypto. Nothing about the comment is reassuring for crypto.