Bitstamp Passes Audit Overseen by Bitcoin Developer Mike Hearn
Bitcoin exchange Bitstamp has passed an audit overseen by BitcoinJ developer Mike Hearn. The former Google engineer confirmed in a report that a Bitstamp proof of reserves procedure was executed on 24th May. "I was asked to act as a neutral observer during this procedure to help build community confidence in Bitstamp as a large holder of coins," he said in the report. Hearn went on to stress that the procedure is not a financial audit, but confirms that, at this time, "Bitstamp holds sufficient bitcoins to cover their customer deposits, as tracked by their master database". The report....
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