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Spicy BDO client Tether's CEO says they want a Big 4 audit but the firms are hesitant due to concerns about potential reputational damage. "Recent reports suggest that Tether is the most-used stablecoin for criminal activity." https://t.co/9q4x2Ab5cj
None of the big four accounting firms will audit #Tether - CEO ❌ Is $USDT your stablecoin of choice?⬇️ 👇Find out why here👇 https://t.co/1rPEPXBvGu https://t.co/X7c4hsToDj
‘BIG FOUR’ ACCOUNTING FIRMS TOO SCARED TO WORK WITH $USDT ~ TETHER CEO “None of the Big Four companies will audit us” - @paoloardoino, the CEO of @Tether_to, actively wants the company to be audited by one of the famous ‘Big Four’ accounting firms, he revealed in an interview… https://t.co/RY3c1FoxZR https://t.co/iF7V9bn2AR
Tether's CEO Paolo Ardoino has expressed frustration over the reluctance of the Big Four accounting firms to audit the company's reserves, which back a $108 billion stablecoin. Ardoino cited the firms' fears of reputational damage as the primary reason for their hesitance, stating explicitly that none of the Big Four will audit Tether's reserves. Despite these challenges, securing an audit from one of these prestigious firms remains a top priority for Tether, as the company seeks to enhance transparency and trust among its users. This issue arises amid concerns that Tether, the most-used stablecoin for criminal activities, is influencing the firms' decisions.
