🚨 Big news in the crypto world! 🚨 The SEC has slapped Prager Metis with a $745K fine for their audit failures in the FTX debacle. Turns out, they missed glaring red flags like FTX using Slack and QuickBooks for billion-dollar transactions! 😱

Sam Bankman-Fried's actions led to FTX's downfall, but Prager Metis' negligence let it grow. This is a wake-up call for auditors: know your crypto clients or face the consequences. What do you think? Are these penalties enough to deter future negligence? Let's discuss! 💬 #CryptoNews #Blockchain #FTX