Okay. But this was also Tangerine's tax / accounting firm, for over a decade. One subpoenaed by Congress in 2020, a battle they and Trump finally lost a few weeks ago in the US Supreme Court. [Last February, Mazars disaffirmed a decade of financial statements it had audited for Trump. Sounds. . . familiar, here -- right?]
And... one would be tempted to say... that if Tangerine was a big client. . . there may be some spiders under the rocks here, at Binance, as well. Here's a story on it, and a bit:
. . .Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, has paused all work for crypto clients, Binance said in an emailed statement.
"Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin and Binance. Unfortunately, this means that we will not be able to work with Mazars for the moment," a Binance spokesperson said. The suspension was reported earlier by Bloomberg.
The accounting firm performed a proof-of-reserves assessment of Binance earlier this month, finding its bitcoin reserves were overcollateralized. The link to the report on Mazars' website no longer works. . . .
The claimed Binance "reserves" letter was. . . in fact the opposite of an assurances letter. It was not even a cold comfort letter.
So. . . those $35 puts (January 2024) on Coinbase (now in the money!). . . make me want to go look. . . for a way to get puts on non-US traded Binance, as well. Grin. . . .
I suspect both are going to endure much more price decline pains, into mid-2023 minimum.
Onward, grinning -- but I won't listen in on the FTX Chapter 11 hearing this morning. Too busy, wrapping other things up.
But, just. . .
Y I K E S !
[Nearly on desert time.] नमस्ते
But wait, his coins have nearly sold out: https://www.yahoo.com/finance/news/trump-nft-collection-sells-price-143902988.html
ReplyDeleteI. Can’t. Even.
ReplyDeleteThe damn fool never saw a single, debasing, embarrassing con. . . That he would not stoop to running.
The memes on it, on Twitter, TikTok and Instagram… are priceless!
What a tangerine hued tub of spittle that guy is!
Great add, though!
Thanks Anon.!
And, after NYSE close on Friday, the SPAC called DWAC, the one that Trump hopes to use to get his Truth Social a public listing, and trading stock. . . just disclosed that two directors and the CFO have left the firm. This, after repeated failures to get the shareholder votes needed to give Trump personally a perhaps $50 million payday -- by making his private shares in the social platform. . . '34 Act registered, as a public company.
ReplyDeleteThey've been trying since early this year -- to no avail. But it looks to be falling apart now (with this latest NFT grift -- far more tokens are trading actively than the Trump people said would be the hard cap on numbers.) Someone out there is just printing BS NFTs. . . and reselling. . . slices of the blue sky.
Here's the required SEC filing, tonight on those DWAC resignations:
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 28, 2022, the board of directors (the “Board”) of Digital World Acquisition Corp., a Delaware corporation (the “Company”) received a letter of resignation from Lee Jacobson, resigning as a director of the Board, effective on November 28, 2022. The resignation of Mr. Lee did not result from any disagreement with the Company concerning any matter relating to the Company’s operations, policies or practices.
On December 9, 2022, the board of directors (the “Board”) of Digital World Acquisition Corp., a Delaware corporation (the “Company”) received a letter of resignation from Rodrigo Veloso, resigning as a director of the Board, effective on December 9, 2022. The resignation of Mr. Veloso did not result from any disagreement with the Company concerning any matter relating to the Company’s operations, policies or practices.
On December 9, 2022, the board of directors (the “Board”) of Digital World Acquisition Corp., a Delaware corporation (the “Company”) received a letter of resignation from Luiz Philippe Braganza, resigning as Chief Financial Officer, effective on December 9, 2022. The resignation of Mr. Braganza did not result from any disagreement with the Company concerning any matter relating to the Company’s operations, policies or practices. . . .
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000119312522306111/d435033d8k.htm
Charming, no?
Nope.