FTX auditor Prager hit with lawsuit by SEC

2023-10-2 18:33

The United States Securities and Exchange Commission has filed a lawsuit against the accounting firm Prager Metis for allegedly violating auditor independence rules in relation to its work for cryptocurrency exchange FTX.

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ftx exchange lawsuit prager auditor violating metis

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As the trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, got underway, the testimony of witnesses shed light on a report by The Wall Street Journal.  The report revealed that the company’s employees had uncovered a secret link between the exchange and an affiliated trading firm, raising concerns about potential fraudulent […]

2023-10-6 23:00