Re:Binance sees $2B in outflows as troubles compound
by karamanolev on Wednesday March 29, 2023 @04:20AM
(#35354153)
I don't like crypto and I don't fully buy the Kraken audits, but man, are the Big 4 also full of s**. I wouldn't say any legit (if such exists) crypto firm can do anything to be taken on as a client at this point.
[ Parent
| on HN ]
Re:Binance sees $2B in outflows as troubles compound
by TheOtherHobbes on Wednesday March 29, 2023 @06:16AM
(#35355031)
Which is ironic because the Big 4 are not known for aggressive auditing. There have been plenty of cases in trad-fi where a positive audit was followed by collapse, and sometimes evidence of criminality.
Re:Binance sees $2B in outflows as troubles compound
by WrtCdEvrydy on Wednesday March 29, 2023 @09:31AM
(#35357024)
> There have been plenty of cases in trad-fi where a positive audit was followed by collapse, and sometimes evidence of criminality.
I mean, audits should trigger a collapse... I assume once people inside realize the audit passed, they'll be more blatant and likely to blow up their scheme.