Post
Topic
Board Service Discussion
Re: [FUD] btc-e is also running fractional reserve
by
earonesty
on 05/06/2014, 20:22:23 UTC
Until a bitcoin exchange/business passes an audit by an outside/independent body (and continues to do so at regular intervals), why should

You don't need an audit.   This is Bitcoin, you can publish a signed ledger and tree of debits showing your holdings in BTC, LTC, etc.   

The fact that they are not doing so, despite being repeatedly asked, is very telling.

I pulled all my money out of btc-e, shortly after they refused to respond to the new protocols allowing the signed publishing of reserves and debts.

http://www.reddit.com/r/Bitcoin/comments/1yk4nv/please_ask_your_favorite_exchange_to_prove_that/