Legendary ‘The Big Short’ Investor Michael Burry Believes Binance Crypto Exchange Audit Is Meaningless – Here’s Why
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Audits of Binance and other crypto exchanges are “essentially meaningless” since auditors don’t know how to deal with crypto, according to Michael Burry, the legendary investor who inspired the movie ‘The Big Short’.
According to Burry, this is the same problem as he was facing himself in 2005 when he started using “a new kind of credit default swap.” He said that auditors at the time were “learning on the job,” which is “not a good thing.”