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Kraken uses misleading language in their blog, while claiming to do "audit" everywhere they actually write that they (Kraken) do the audit and then some no-name
by Yizahi 4y ago
Kraken uses misleading language in their blog, while claiming to do "audit" everywhere they actually write that they (Kraken) do the audit and then some no-name firm "verifies" audit results. So that's practically a pointless claim and provides zero data as to what are financials of the Krakes, do they have reserves matching liabilities, do they commingle funds, do their reserves consist of shittokens or no etc. Interestingly r/CC community bought Kraken misinformation hook, line and sinker. In a few years they will cry that nobody has warned them, after it will be Kraken's turn to go bust.