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A comment on Binance's books are a black box, filings show, as it tries to rally confidence. Parent comment

Re:Binance's books are a black box, filings show, as it trie... by mianos on Monday December 19, 2022 @06:39PM (#34059465)
There are fully regulated and big five audited crypto exchanges that operate fully within the appropriate laws. They don't trade with client funds.

They are not popular as they require annoying banking level KYC and are very limited by regulation as to who they can deal with. In may places, only audited high net worth individuals.

These are not the places crypto-bros trade on as the fees are not subsidised by house trading or self issued coins.

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Re:Binance's books are a black box, filings show, as it trie... by mvkel on Tuesday December 20, 2022 @09:02PM (#34075806)
There are? Last I heard, none of the big five will touch crypto
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Re:Binance's books are a black box, filings show, as it trie... by mianos on Wednesday December 21, 2022 @11:59PM (#34089998)
I know first hand PWC does. :)

I am not sure why an auditor would not touch crypto.

It should be the opposite. Any normal company that operates in financial markets should have normal company accounting and normal auditing. The issues at the moment pretty much stems from people thinking 'crypto' should be different.

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