🚀DeFi & Web 3 fans, gather 'round for a laugh! 🤣 Prager Metis, the auditing firm for the bankrupt crypto exchange FTX, is in hot water with the SEC for violating auditor independence rules. But hey, at least they reported $1 billion in revenues for FTX's international arm in 2021! 🤑
The SEC isn't just after their ties to FTX, but also their agreements with 62 other clients. Apparently, they had indemnification provisions, which is a big no-no. 🚫
So, what do you think? Is this just a bump in the road for DeFi and Web 3, or will we see more auditing firms face the wrath of the SEC? 🧐 Share your thoughts in the comments! 🗣️
And remember, always keep an eye on the bright side of the crypto market! 🌞💰 #DeFi #Web3 #FTX #SEC #PragerMetis
The SEC isn't just after their ties to FTX, but also their agreements with 62 other clients. Apparently, they had indemnification provisions, which is a big no-no. 🚫
So, what do you think? Is this just a bump in the road for DeFi and Web 3, or will we see more auditing firms face the wrath of the SEC? 🧐 Share your thoughts in the comments! 🗣️
And remember, always keep an eye on the bright side of the crypto market! 🌞💰 #DeFi #Web3 #FTX #SEC #PragerMetis