I almost typed audit-like. But I remembered they've pulled that shit before. "Attestations of balances" mean fuck-all when even back when they were denying the links between Bitfinex and Tether, the same people were countersigning loans between the two for both parties.

Oh, they did claim that they had had an audit done. But they couldn't release it to the public "because it was in Mandarin".

I very very very much doubt that 11-12% cash is in anyone's hand.