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FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations
17.9.2024
International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022
Prager Metis to pay $745K to Settle SEC charges over FTX audit misconduct
17.9.2024
The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards.
Crypto Biz: US regulators crack down on Uniswap
6.9.2024
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan
SEC charges fund adviser Galois Capital for FTX crypto custody
3.9.2024
The fund allegedly lost about half of its assets following FTX's collapse.
SEC charges fund adviser Galois Capital for FTX crypto custody
3.9.2024
The fund allegedly lost about half of its assets following FTX's collapse.
SEC says it could challenge FTX crypto repayment plan
2.9.2024
The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets
FTX's Former Auditor Prager Metis Sued by SEC
2.10.2023
The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules
US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried's arrest
22.6.2023
The chair of a U.S. House oversight subcommittee said all of the documents the SEC had provided on Sam Bankman-Fried's charges and arrest had been publicly available at the time
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
9.3.2023
According to Mike Belshe, the U.S. SEC’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX's alleged illicit activities
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler
24.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of...
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security
22.12.2022
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission...
SEC was “asleep at the wheel” about FTX - US Rep. Sessions
17.12.2022
The Texas Congressman urged lawmakers to examine the SEC's efforts to prevent fraud at the crypto exchange
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
2.12.2022
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity...
US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance
24.11.2022
U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their...
Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes
14.11.2022
The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary Gensler was rumored to be helping FTX with legal loopholes. However, a new report indicates...
CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report
11.11.2022
FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
10.11.2022
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter
SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength; FTX CEO as a 'White Knight'
22.6.2022
One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn’t bail out ailing crypto companies even if she could....
Read More: SEC’s Peirce Says...