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/biz/ - Business & Finance

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9959562 No.9959562 [Reply] [Original]

APOLOGIZE

>In the face of some recent coverage, we have stood by the fact that all circulating USD Tethers are backed by USD reserves, and we are pleased to be able to present independent verification of this.
>The FSS report, based on a random date balance inspection and a full review of relevant bank account documentation, confirms that all Tethers in circulation as of June 1, 2018 are fully backed by existing USD reserves. It is important to note that unlimited, unhindered access to Tether’s bank accounts was provided to FSS for their review – the June 1st date was selected by FSS with no input from either Tether or its banking partners, and FSS did not provide notice until the final report was submitted.

https://tether.to/fss-report-transparency-update/

>> No.9959577

based tether pumping my bags

>> No.9959600

>>9959562
>muh cousin said we gots da money
JUST DO A GODDAMN AUDIT YOU FUCKING FINANCIAL RETARDS

>> No.9959613

>>9959600
Is this not an audit?

>> No.9959676
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9959676

>>9959613
Apparently not

>> No.9959793

>>9959562

>using your own law firm to audit your books instead of an accounting firm.

Jesus Christ only your brainlet cryptofags would fall for this

>> No.9959819

1) FSS is not an accounting firm and did not perform the above review and confirmations using Generally Accepted Accounting Principles.

2) The above confirmation of bank and tether balances should not be construed as the results of an audit and were not conducted in accordance with Generally Accepted Auditing Standards.

3) FSS makes no representation regarding the sufficiency of the information provided to FSS and all inquiries made by FSS have been directed to the Client and/or third party personnel responsible for maintaining such information, and the data has been obtained from the Client and/or third party personnel responsible for maintaining such information.

4) FSS procedures performed are not for the purpose of providing assurance and re limited to the findings listed above as of June 1st, 2018, Close of Business. FSS has not performed any procedures or made any conclusions for activity prior to or subsequent to June 1st, 2018, Close of Business.

5) FSS did not, as part of the Engagement, arrive at any conclusions as to Tether’s compliance with applicable laws and regulations in any jurisdiction.

>> No.9959836

does this mean bitfinexed is finally going to kill himself? imagine how JUST'd he is right now kek

quick, someone tweet him