🚹 News Flash: Prager Metis Settles SEC Charges Over FTX Audits 🚹

Hold onto your crypto wallets, folks! Prager Metis, the accounting firm, has agreed to shell out $745,000 to settle SEC charges related to their audits of the now-defunct crypto exchange, FTX. đŸ€‘

- The SEC claims Prager misrepresented compliance with auditing standards and failed to assess risks tied to FTX’s cozy relationship with Alameda Research.

- Prager neither admitted nor denied the findings but will pay the penalty and hire an independent consultant to review their audit policies.

What do you think? Sound off in the comments! 💬