FTX Auditor Prager Metis Addresses SEC Negligence Charge in Cryptocurrency Sector

Tuesday, 17 September 2024, 13:06

Cryptocurrency news highlights that Prager Metis, the former auditor for FTX, has settled SEC negligence charges for $1.95M. This settlement underscores the need for diligence in cryptocurrency auditing. The Prager Metis case serves as a critical reminder for auditors in the cryptocurrency market regarding compliance and liability.
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FTX Auditor Prager Metis Addresses SEC Negligence Charge in Cryptocurrency Sector

FTX Auditor's Settlement Overview

In a significant development in the cryptocurrency space, Prager Metis, the former auditor for the failed cryptocurrency trading platform FTX (FTT-USD), has agreed to a settlement paying $1.95 million to resolve negligence charges issued by the U.S. Securities and Exchange Commission (SEC). This settlement highlights key issues in cryptocurrency oversight.

Implications of the Settlement

The SEC's action against Prager Metis emphasizes the importance of accountability and compliance within the cryptocurrency auditing sector. As cryptocurrency trading platforms face increasing scrutiny, it is critical for auditors to uphold rigorous standards.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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