Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 23/05/2014, 21:22:30 UTC
Didn't [ Bitstamp ] pass a solvency audit prior to the fall of Gox?
Wasn't it Andreas [ the auditor ]? Apologies, on phone with low battery so can't search to find the details.
What does who it was change to the fact you have to trust them?
Because Andreas also vouched for Neo & Bee...

Besides the auditor's reputation, one must consider HOW the "audit" was done. Basically, it didn't prove anything -- if Bitstamp were lying to clients, they could have easily fooled that "audit" too.

EDIT: as others pointed out Andreas "audited" Coinbase, not Bitstamp.