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Mar 5, 2023, 18 tweets

#KinesisMoney audit oddities

It's just amazing what you'll find if you actually read these audits

Is 1 equal to 2.5% of 252? 🤔😕

How "random" are those samples if the same bar was chosen twice?

Pages 13 & 14

kinesis.money/resources/kine…

More duplicate serial numbers

Pages 7 & 8

kinesis.money/resources/kine…

Aren't these bars supposed to be selected at random? How do you get the same three bars twice?

Is somebody just being lazy?

Page 4

kinesis.money/resources/kine…

One of these looks like random sampling and one doesn't. Can you tell the difference?

100-101 is a difference of 0.01 not 0.001

Hol up

Is 3 2.5% of 918?

These two samples don't look random...

Pages 14 & 15

kinesis.money/resources/kine…

Why is the "ABX Subaccount Type" a secret?

"The total aggregated quantity of ABX Gold and Silver bullions"

ABX gold and silver? Wasn't it suppose to be Kinesis gold and silver?

Pages 20 & 21

kinesis.money/resources/kine…

Audit: "We looked at it, it looked OK"

Kinesis website: "independent auditors perform a series of assessments to ensure the weight and fineness of the bullion is as stated, and the quality of the storage is satisfactory"

kinesis.money/audits

Page 21 kinesis.money/resources/kine…

Again?

😲🤯

Page 23

kinesis.money/resources/kine…

That's not random

Page 4 & 5

kinesis.money/wp-content/upl…

Is 3 2.5% of 756?

Pages 7 & 9

kinesis.money/wp-content/upl…

Where is the attached excel sheet?

Page 31

kinesis.money/wp-content/upl…

Does the Kinesis mint reuse the same serial numbers on gold bars of different weights?

Page 49

kinesis.money/wp-content/upl…

How is this inventory list supposed to be interpreted 👇

Page 33
kinesis.money/wp-content/upl…

👆Is all this work ISO 9001:2008 compliant @isostandards @ISOSecGen @bureauveritas

It seems kind of sloppy and inconsistent

iso.org/standard/46486…

Same refinery, same bar type, different serial number format?

Page 33

kinesis.money/wp-content/upl…

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