News for hackers. Stuff that matters.

A comment on Bitfinex fails to perform promised audits. Parent comment

Re:Bitfinex fails to perform promised audits by fbdjskajxb on Sunday January 28, 2018 @05:28AM (#16250698)
Seems like exchanges should be fine as long as their books balance. Even in a “run” you would just have delays waiting for cash outs to process, they would go through eventually.
[ Parent | on HN ]
Re:Bitfinex fails to perform promised audits by stefano on Sunday January 28, 2018 @05:54AM (#16250766)
> as long as their books balance

This is a really strong assumption that I wouldn't bet on.

[ Parent | on HN ]
Re:Bitfinex fails to perform promised audits by saalweachter on Sunday January 28, 2018 @08:31AM (#16251221)
There is a certain irony to companies built to profit off a distributed public ledger having accounting problems.
[ Parent | on HN ]
Re:Bitfinex fails to perform promised audits by rhino369 on Sunday January 28, 2018 @05:29PM (#16253964)
I'd also be worried that any exchange that used tether, would realize their jig is up, and just run away with all the coin.
[ Parent | on HN ]