I haven't looked into their balance sheet, but yeah they display their audits (https://www.armanino.com/services/audit/ should be the one) and I believe Nexo also uses a cold-storage (IE not active in markets, at least notionally) service called BitGo. I don't know if any of the other custodial exchanges have a cold-storage contractor.do you know with some confidence whether they have some reserves to meet redemptions?
I do not see anything related to an audit of nexos at that urlI haven't looked into their balance sheet, but yeah they display their audits (https://www.armanino.com/services/audit/ should be the one) and I believe Nexo also uses a cold-storage (IE not active in markets, at least notionally) service called BitGo. I don't know if any of the other custodial exchanges have a cold-storage contractor.
In town from the Bahamas or HK to do some Xmas shopping. Definitely not to cut a deal with the Feds.
I didn’t steal funds, and I certainly didn’t stash billions away. Nearly all of my assets were and still are utilizable to backstop FTX customers. I have, for instance, offered to contribute nearly all of my personal shares in Robinhood to customers–or 100%, if the Chapter 11 team would honor my D&O legal expense indemnification.
Bought the dip