🚨 Crypto News Flash! 🚨

The U.S. SEC and auditor Prager Metis have settled claims over negligence tied to the defunct crypto exchange FTX. Prager will pay $1.95M for allegedly misleading reports on FTX from Feb 2021 to Apr 2022.

Key Points:

- SEC claims Prager failed to meet auditing standards.

- FTX investors lacked crucial protections, leading to massive losses.

- FTX's collapse revealed falsified financials and misused funds.

Sam Bankman-Fried, FTX's founder, is appealing his 25-year prison sentence, alleging judicial bias.

💬 What do you think about the SEC's actions? Share your thoughts below!