I woke up this morning to find this story waiting in my inbox. Since company failures are commonplace in the digital currency industry, I didn’t think much of it at first. Then I read this line:
“Questions about the platform’s solvency began to emerge in June, when users asked for the Bitcoin Trader leadership to publish financial audits, though such a disclosure had not been issued.”
That reminded me that a person who called himself John Carley, using the e-mail address “btctrader.biz@gmail.com” recently contacted me to ask for an audit of his company, which he identified as BTC Trader. By recently, I mean in the last six weeks or so (I’d have to check my e-mails to say exactly when). In fact, the process of developing a solution that would meet his needs is what prompted me to write this post recently. The discussion seemed promising enough that I was starting to wonder whether BTC Trader would pull the trigger on an audit. It now appears that I won’t be conducting that engagement.
Normally, I would not disclose a client relationship or even a prospective client relationship. There aren’t many things that people are more private about or protective of than their financial details. However, this is an unusual case. If BTC Trader fell victim to its own poor management, then customers should know that the company at least tried to have an audit done on their behalf. Admittedly, I have no way to know whether the inquiry was in good faith.
I’m not sure what this means- maybe something, maybe nothing. Hopefully, this piece of information will be helpful to BTC Trader’s customers as they attempt to recover their funds.