Cedric Chin on Twitter: "Also today I learnt that Tether uses accounting principles called iFAP. I swear that sometimes the @matt_levine column writes itself. https://t.co/5RZoGDNPMC" / Twitter

Cedric Chin

@ejames_c

Also today I learnt that Tether uses accounting principles called iFAP. I swear that sometimes the

@matt_levine

column writes itself.

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One of the true reasons that Bitfinex/Tether cannot perform an audit, is because they don't use GAAP. They use the new accounting principles which they call iFAP. They just can't find an accountant that understands iFAP.

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5:33 PM · May 30, 2022Twitter Web App

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