I didn't mention the word "fucked" , that was the article, I was making a point about lack of clarity in Binance's financials :)

But yes, if a major financial company can't complete an independent audit to IFRS or similar standards, that's a major red flag. We know major crpyto exchanges can do it as Coinbase is audited by Deloitte's, so it's not that it's not possible.

and yes Tether falls into that category too.