• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
26 July Saturday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $118,216.59 ↑ 0.72%
Ethereum Ethereum (ETH) $3,768.47 ↑ 1.44%
XRP XRP (XRP) $3.20 ↑ 2.29%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $798.98 ↑ 2.28%
Solana Solana (SOL) $186.51 ↑ 0.58%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.77%
TRON TRON (TRX) $0.32 ↑ 1.02%
Cardano Cardano (ADA) $0.83 ↑ 1.32%
Hyperliquid Hyperliquid (HYPE) $43.42 ↓ -1.47%
Sui Sui (SUI) $4.15 ↑ 4.87%
Stellar Stellar (XLM) $0.44 ↑ 1.70%
Chainlink Chainlink (LINK) $18.69 ↑ 2.04%
Hedera Hedera (HBAR) $0.28 ↑ 6.59%
Bitcoin Cash Bitcoin Cash (BCH) $559.95 ↑ 1.30%
Avalanche Avalanche (AVAX) $25.03 ↑ 4.45%
Litecoin Litecoin (LTC) $114.63 ↑ 1.43%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.88%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.03%
Toncoin Toncoin (TON) $3.33 ↑ 4.34%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Uniswap Uniswap (UNI) $10.62 ↑ 1.65%
Polkadot Polkadot (DOT) $4.16 ↑ 1.67%
Monero Monero (XMR) $322.14 ↓ -0.54%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.56 ↓ -0.16%
Pepe Pepe (PEPE) $0.00 ↑ 0.30%
Cronos Cronos (CRO) $0.14 ↑ 7.14%
Aave Aave (AAVE) $298.05 ↑ 0.68%
Bittensor Bittensor (TAO) $429.31 ↑ 1.14%
Ethena Ethena (ENA) $0.63 ↑ 5.97%
NEAR Protocol NEAR Protocol (NEAR) $2.90 ↑ 0.14%
Ethereum Classic Ethereum Classic (ETC) $23.01 ↑ 1.80%
Pi Pi (PI) $0.44 ↑ 0.20%
Ondo Ondo (ONDO) $1.05 ↑ 1.42%
Aptos Aptos (APT) $4.83 ↑ 1.27%
Internet Computer Internet Computer (ICP) $5.69 ↑ 1.44%
OKB OKB (OKB) $48.43 ↑ 0.40%
Bonk Bonk (BONK) $0.00 ↓ -1.83%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 10.94%
Mantle Mantle (MNT) $0.80 ↑ 5.08%
Kaspa Kaspa (KAS) $0.10 ↓ -0.99%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.47%
Algorand Algorand (ALGO) $0.28 ↑ 3.23%
Arbitrum Arbitrum (ARB) $0.45 ↑ 2.54%
VeChain VeChain (VET) $0.03 ↑ 1.41%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.05%
Render Render (RENDER) $4.24 ↑ 0.25%
GateToken GateToken (GT) $17.89 ↑ 2.03%
Worldcoin Worldcoin (WLD) $1.17 ↑ 0.85%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.21 ↑ 1.53%
Sky Sky (SKY) $0.10 ↑ 1.40%
Sei Sei (SEI) $0.34 ↑ 3.11%
Cosmos Cosmos (ATOM) $4.79 ↑ 1.89%
SPX6900 SPX6900 (SPX) $1.99 ↑ 2.05%
Filecoin Filecoin (FIL) $2.69 ↑ 1.77%
Flare Flare (FLR) $0.03 ↑ 12.16%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.36%
Jupiter Jupiter (JUP) $0.56 ↑ 1.71%
Story Story (IP) $5.55 ↑ 2.43%
Curve DAO Token Curve DAO Token (CRV) $1.13 ↑ 9.05%
Injective Injective (INJ) $15.00 ↑ 6.09%
Quant Quant (QNT) $123.55 ↑ 1.88%
KuCoin Token KuCoin Token (KCS) $11.62 ↓ -2.26%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 3.97%
Celestia Celestia (TIA) $1.95 ↑ 0.08%
Fartcoin Fartcoin (FARTCOIN) $1.34 ↓ -1.06%
Stacks Stacks (STX) $0.81 ↑ 0.89%
Four Four (FORM) $3.38 ↓ -0.13%
Optimism Optimism (OP) $0.73 ↑ 1.28%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.26%
Ethereum Name Service Ethereum Name Service (ENS) $30.65 ↑ 6.36%
Immutable Immutable (IMX) $0.57 ↑ 1.29%
dogwifhat dogwifhat (WIF) $1.07 ↑ 0.76%
The Graph The Graph (GRT) $0.11 ↑ 0.82%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 1.41%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.95%
Kaia Kaia (KAIA) $0.17 ↑ 2.00%
PancakeSwap PancakeSwap (CAKE) $2.84 ↑ 3.86%
Lido DAO Lido DAO (LDO) $1.09 ↓ -0.23%
Sonic Sonic (S) $0.34 ↑ 0.95%
Tezos Tezos (XTZ) $0.90 ↑ 0.18%
PAX Gold PAX Gold (PAXG) $3,356.95 ↑ 0.02%
Conflux Conflux (CFX) $0.18 ↑ 0.02%
Vaulta Vaulta (A) $0.57 ↓ -0.17%
Theta Network Theta Network (THETA) $0.90 ↑ 1.89%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.00%
Nexo Nexo (NEXO) $1.31 ↓ -0.07%
IOTA IOTA (IOTA) $0.21 ↑ 2.32%
Tether Gold Tether Gold (XAUt) $3,347.91 ↑ 0.07%
Raydium Raydium (RAY) $3.07 ↑ 2.66%
Gala Gala (GALA) $0.02 ↑ 1.64%
The Sandbox The Sandbox (SAND) $0.31 ↑ 2.96%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.03%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.37%
Pendle Pendle (PENDLE) $4.46 ↓ -0.40%
Jito Jito (JTO) $2.01 ↑ 2.10%
Bitcoin Bitcoin (BTC) $118,216.59 ↑ 0.72%
Ethereum Ethereum (ETH) $3,768.47 ↑ 1.44%
XRP XRP (XRP) $3.20 ↑ 2.29%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $798.98 ↑ 2.28%
Solana Solana (SOL) $186.51 ↑ 0.58%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.77%
TRON TRON (TRX) $0.32 ↑ 1.02%
Cardano Cardano (ADA) $0.83 ↑ 1.32%
Hyperliquid Hyperliquid (HYPE) $43.42 ↓ -1.47%
Sui Sui (SUI) $4.15 ↑ 4.87%
Stellar Stellar (XLM) $0.44 ↑ 1.70%
Chainlink Chainlink (LINK) $18.69 ↑ 2.04%
Hedera Hedera (HBAR) $0.28 ↑ 6.59%
Bitcoin Cash Bitcoin Cash (BCH) $559.95 ↑ 1.30%
Avalanche Avalanche (AVAX) $25.03 ↑ 4.45%
Litecoin Litecoin (LTC) $114.63 ↑ 1.43%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.88%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.03%
Toncoin Toncoin (TON) $3.33 ↑ 4.34%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Uniswap Uniswap (UNI) $10.62 ↑ 1.65%
Polkadot Polkadot (DOT) $4.16 ↑ 1.67%
Monero Monero (XMR) $322.14 ↓ -0.54%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.56 ↓ -0.16%
Pepe Pepe (PEPE) $0.00 ↑ 0.30%
Cronos Cronos (CRO) $0.14 ↑ 7.14%
Aave Aave (AAVE) $298.05 ↑ 0.68%
Bittensor Bittensor (TAO) $429.31 ↑ 1.14%
Ethena Ethena (ENA) $0.63 ↑ 5.97%
NEAR Protocol NEAR Protocol (NEAR) $2.90 ↑ 0.14%
Ethereum Classic Ethereum Classic (ETC) $23.01 ↑ 1.80%
Pi Pi (PI) $0.44 ↑ 0.20%
Ondo Ondo (ONDO) $1.05 ↑ 1.42%
Aptos Aptos (APT) $4.83 ↑ 1.27%
Internet Computer Internet Computer (ICP) $5.69 ↑ 1.44%
OKB OKB (OKB) $48.43 ↑ 0.40%
Bonk Bonk (BONK) $0.00 ↓ -1.83%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 10.94%
Mantle Mantle (MNT) $0.80 ↑ 5.08%
Kaspa Kaspa (KAS) $0.10 ↓ -0.99%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.47%
Algorand Algorand (ALGO) $0.28 ↑ 3.23%
Arbitrum Arbitrum (ARB) $0.45 ↑ 2.54%
VeChain VeChain (VET) $0.03 ↑ 1.41%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.05%
Render Render (RENDER) $4.24 ↑ 0.25%
GateToken GateToken (GT) $17.89 ↑ 2.03%
Worldcoin Worldcoin (WLD) $1.17 ↑ 0.85%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.21 ↑ 1.53%
Sky Sky (SKY) $0.10 ↑ 1.40%
Sei Sei (SEI) $0.34 ↑ 3.11%
Cosmos Cosmos (ATOM) $4.79 ↑ 1.89%
SPX6900 SPX6900 (SPX) $1.99 ↑ 2.05%
Filecoin Filecoin (FIL) $2.69 ↑ 1.77%
Flare Flare (FLR) $0.03 ↑ 12.16%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.36%
Jupiter Jupiter (JUP) $0.56 ↑ 1.71%
Story Story (IP) $5.55 ↑ 2.43%
Curve DAO Token Curve DAO Token (CRV) $1.13 ↑ 9.05%
Injective Injective (INJ) $15.00 ↑ 6.09%
Quant Quant (QNT) $123.55 ↑ 1.88%
KuCoin Token KuCoin Token (KCS) $11.62 ↓ -2.26%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 3.97%
Celestia Celestia (TIA) $1.95 ↑ 0.08%
Fartcoin Fartcoin (FARTCOIN) $1.34 ↓ -1.06%
Stacks Stacks (STX) $0.81 ↑ 0.89%
Four Four (FORM) $3.38 ↓ -0.13%
Optimism Optimism (OP) $0.73 ↑ 1.28%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.26%
Ethereum Name Service Ethereum Name Service (ENS) $30.65 ↑ 6.36%
Immutable Immutable (IMX) $0.57 ↑ 1.29%
dogwifhat dogwifhat (WIF) $1.07 ↑ 0.76%
The Graph The Graph (GRT) $0.11 ↑ 0.82%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 1.41%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.95%
Kaia Kaia (KAIA) $0.17 ↑ 2.00%
PancakeSwap PancakeSwap (CAKE) $2.84 ↑ 3.86%
Lido DAO Lido DAO (LDO) $1.09 ↓ -0.23%
Sonic Sonic (S) $0.34 ↑ 0.95%
Tezos Tezos (XTZ) $0.90 ↑ 0.18%
PAX Gold PAX Gold (PAXG) $3,356.95 ↑ 0.02%
Conflux Conflux (CFX) $0.18 ↑ 0.02%
Vaulta Vaulta (A) $0.57 ↓ -0.17%
Theta Network Theta Network (THETA) $0.90 ↑ 1.89%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.00%
Nexo Nexo (NEXO) $1.31 ↓ -0.07%
IOTA IOTA (IOTA) $0.21 ↑ 2.32%
Tether Gold Tether Gold (XAUt) $3,347.91 ↑ 0.07%
Raydium Raydium (RAY) $3.07 ↑ 2.66%
Gala Gala (GALA) $0.02 ↑ 1.64%
The Sandbox The Sandbox (SAND) $0.31 ↑ 2.96%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.03%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.37%
Pendle Pendle (PENDLE) $4.46 ↓ -0.40%
Jito Jito (JTO) $2.01 ↑ 2.10%
Home Cryptocurrency

Audit Failures Cost Prager Metis $1.2 Million in SEC Settlement Over FTX Collapse

Gezim Osmani by Gezim Osmani
18 September 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
audit failures tied to the FTX collapse In the foreground a cracked or broken FTX logo lies next to audit papers

International accounting firm Prager Metis has agreed to pay $745,000 to resolve charges from the U.S. Securities and Exchange Commission (SEC) regarding its audit of FTX prior to the exchange’s collapse. This settlement also addresses another SEC investigation accusing Prager Metis of violating independence rules in over 200 audits between 2017 and 2020.

In total, the firm will pay $1.2 million in penalties and interest, pending court approval. The settlement highlights Prager Metis’ efforts to resolve the SEC’s accusations concerning its FTX audit, along with additional charges related to past audits.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Pudgy Penguins Mooned, Now Troller Cat’s 2024% ROI Is Turning Heads Fast
    • Didn’t Catch the Neiro Train? MoonBull Could Be the Best Upcoming Crypto You’ve Been Waiting For
  • SEC Charges and Settlement Agreement
  • Violations of Audit Standards
  • Concerns Over FTX Audit Competency
  • Implications for Future Audits

YOU MAY BE INTERESTED

image 693

Pudgy Penguins Mooned, Now Troller Cat’s 2024% ROI Is Turning Heads Fast

26 July 2025
image 707

Didn’t Catch the Neiro Train? MoonBull Could Be the Best Upcoming Crypto You’ve Been Waiting For

26 July 2025

SEC Charges and Settlement Agreement

The SEC’s complaint against Prager Metis alleges negligence and fraud in the firm’s audits of FTX during 2021 and 2022. While Prager Metis claimed its audits complied with Generally Accepted Auditing Standards (GAAS), the SEC found multiple deviations from these standards. This settlement is a significant development as regulators continue to scrutinize financial institutions linked to the collapsed crypto exchange.

Violations of Audit Standards

Beyond the FTX audits, the SEC’s investigation expanded to include over 200 audits Prager Metis conducted between 2017 and 2020. The commission accused the firm of failing to follow independence rules, which are designed to ensure impartial and objective audit results. Prager Metis accepted these findings and agreed to pay the $1.2 million fine while also committing to reviewing and restructuring its audit and quality control policies under the guidance of an independent consultant.

aftermath of audit failures related to the FTX collapse In the foreground a broken or cracked FTX logo symbolizes

Concerns Over FTX Audit Competency

The SEC’s criticism of Prager Metis extended to the competency of the team conducting the FTX audits. Regulators expressed concerns that the firm failed to properly assess whether its team had the necessary experience and resources to effectively audit FTX. This issue was further complicated by the firm’s insufficient understanding of FTX’s relationship with Alameda Research LLC, which played a key role in FTX’s operations. These missteps raised questions about the firm’s diligence and accountability.

ADVERTISEMENT

Implications for Future Audits

In response to the SEC’s findings, Prager Metis has pledged to implement several corrective actions. These include hiring an independent consultant to review its audit policies and adopting stricter guidelines for accepting new audit clients. These steps aim to ensure higher-quality audits and compliance in the future, especially as regulatory demands increase for accounting firms dealing with complex and high-risk sectors like cryptocurrencies.

The resolution of the SEC’s charges against Prager Metis underscores the importance of maintaining strict audit standards and protecting investors. By agreeing to significant financial penalties and committing to policy reviews, Prager Metis is working to restore its credibility and prevent future mistakes. This case serves as a strong reminder of the importance of independence and thoroughness for audit firms, particularly when dealing with complex financial assets such as crypto exchanges.

Tags: audit violationscryptocurrency auditsFTX collapsePrager Metis auditSEC settlement
Previous Post

Binance’s Take on Today’s FED Rate Decision: Will Bitcoin Rise or Fall?

Next Post

Bitcoin Climbs 3% Amid Market Volatility, Reaches $60,232 (September 18)

Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

SIMILAR NEWS

image 693
News

Pudgy Penguins Mooned, Now Troller Cat’s 2024% ROI Is Turning Heads Fast

26 July 2025
image 707
News

Didn’t Catch the Neiro Train? MoonBull Could Be the Best Upcoming Crypto You’ve Been Waiting For

26 July 2025
image 704
Cryptocurrency

Charge with the Bulls: MoonBull Whitelist Opens Early Access for the Hottest New Meme Coin –  SLERF and Cheems Still Climbing

26 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Pudgy Penguins Mooned, Now Troller Cat’s 2024% ROI Is Turning Heads Fast
  • Didn’t Catch the Neiro Train? MoonBull Could Be the Best Upcoming Crypto You’ve Been Waiting For
  • Charge with the Bulls: MoonBull Whitelist Opens Early Access for the Hottest New Meme Coin –  SLERF and Cheems Still Climbing
  • 3 Best Cryptos to Join in 2025 With One Meme Coin’s Whitelist Gaining Massive Traction 
  • 399% Still in Play? Troller Cat Tops Best Meme Coin to Buy Today List While Official Melania and Just a Chill Guy Stay Calm

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English