Binance's Alleged Crypto Audit Failed, Not Even Its Auditor Would Vouch for It

KMPG would do it, they vouched for Wirecard. For years.

As an accountant and auditor I would call this an assurance engagement, not an audit.

It’s not even that, it was just an “Agreed-Upon Procedures” engagement. An assurance engagement would at least use a methodology the assessing firm would stand by on albeit with limitations. In this case, they don’t even claim the procedures are appropriate for how intended and unintended users might interpret the letter.

Whats the way to short binance? Margin trade with their BNC(?) coin as collateral?

If you think Binance is gonna fail, it would mean whole crypto market cap is going a lot lower.

I wouldn’t count on any exchange to be safe. Especially ones doing cross-asset margin loans.

Yeah, collecting on being right is gonna be way hard than being right.

There's a perpetual future for BNB at poloniex, but it trades vs tether...

perhaps you could short crypto correlates on traditional financial markets then. COIN, for example.

Short BNB

Where? How?

Lets see all the ERC20 tokens.

This is going to be interesting if it is true.