well binance fired their auditor for “lack of understanding” their business model. Tethers announced in August that they hired BDO Italia, and as I predicted, 6 months later, there is no audit and will never be one.
If crypto is regulated forget the moon but pray for current price levels. There is no moon in regulated world, as pumps, especially with fake money, will be prohibited.
What makes this bubble unique is that most of Crypto trading is done with fake money like Tethers. Had it not been for fake money, BTC was never approach the levels it did.
If Tether goes up in smoke, many would be surprised how low the price will plummet.
Crypto mkt is behaving list CDOs in late 2007 and early 2008. Someone is keeping things from falling. Wonder how long this will last. Plus Crypto has fake money aka stable coins
In case you just clueless how audit works. Mazars, who were Binance auditors, are global firm with 44,000 employees. There was a team who was auditing Binance, and they just walked out. Then CZ used Tether excuse, they just do not understand crypto.