⚖️🔍 SEC's spotlight falls on Crowe UK LLP! London's crypto audit firm indicted for alleged fraudulent audit of Akazoo Limited by the U.S. SEC on the 14th. 📅📊 While Crowe advocated digital assets, motives behind SEC's move remain shrouded. 🕵️‍♂️🌐 A legal twist in the crypto saga! #SECvsCrowe #CryptoAudit #BitcoinWorld

**Just In 🚨**: The U.S. SEC has filed a lawsuit against FTX's former audit firm, Prager Metis, accusing them of compromising audit independence and aiding and abetting clients in violating federal securities laws. The period of Prager Metis' alleged violations spans from December 2017 to October 2020, with no direct mention of the FTX case in the complaint's reasoning. Additionally, U.S. Senators Elizabeth Warren and Ron Wyden have expressed concerns about Prager Metis's objectivity, raising worries that the firm acted more as an advocate for the cryptocurrency industry than ensuring fairness. #SEC #PragerMetis #FTX #CryptoAudit #CryptocurrencyRegulation

🔍 The Hidden Dangers of Ignoring Crypto Audits: Lessons from Q3 2023 and OneCoin 🚨

Hey, it's Linkan! 🙋‍♂️ Think audits are your safety net in the crypto world? 🤔 Think again! Hacken's latest findings and the infamous OneCoin case are here to shake up your beliefs. Let's dive in! 🌊

Hacken's eye-opening research, republished on Binance News, reveals a shocking truth: most rug pulls in Q3 2023 lacked audit reports. Out of 78 examined, only 12 had audits. 😲

But wait, there's more! Remember OneCoin? This high-profile case led to losses between $4 billion and $15 billion. While not a traditional rug pull, it's a cautionary tale we can't ignore. 🚫

Key Takeaways:
1️⃣ Audits Aren't Bulletproof: An audit is a tool, not a guarantee. 2️⃣ Learn from the Past: Cases like OneCoin are wake-up calls. 🛎️ 3️⃣ Know the Signs: Familiarize yourself with common rug pull patterns. 🕵️‍♂️

Open-Ended Question:
🤷‍♂️ How do you vet crypto projects before diving in with your hard-earned money?

Hashtags:
#BinanceSquare #CryptoAudit #RugPull #OneCoin #Web3Trends
Disclaimer:
🛑 This content is not financial advice. Always do your own research before investing