Bitcoin holds over $16k again even as more details emerge about FTX mismanagement. JPRubin23 reports
, a journalist and lecturer in financial accounting at the University of Pennsylvania’s Wharton School, wrote in an essay for CoinDesk that the blowup of Bankman-Fried's empire was like a meteor striking the crypto world, but foreseeable “if you knew where to look in the audited financial statements.”that the blowup of Bankman-Fried's empire was like a meteor striking the crypto world, but foreseeable “if you knew where to look in the audited financial statements.
for readers of FTX’s 2021 audit reports was that neither Prager Metis nor Armanino “provided an opinion on the FTX US or FTX Trading internal controls over accounting and financial reporting. What was discovered by FTX's new CEO, restructuring expert John J. Ray III, should have been obvious much earlier:"There were no controls."that McKenna highlighted was that neither FTX Trading or FTX US paid federal income taxes, although both appeared to be profitable.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market Wrap: Crypto Respond Sideways to FTX and related crisesInvestors and other interested crypto parties had a landscape of industry devastation to survey on Thursday – FTX related and otherwise. JPRubin23 reports in today's issue of Market Wrap
Read more »
The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Heading Into the Weekend – Market Updates Bitcoin NewsBitcoin was closing in on the $17,000 level on Friday, as cryptocurrency markets rebounded heading into the weekend.
Read more »
Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’⬆ +6 Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’ $BTC bitcoin $FTT ftx XBT
Read more »
FTX-Linked Asia's Biggest Bitcoin ATM Network and Exchange Ceases TradingHong Kong's leading crypto exchange, allegedly related to FTX in past, stops trading and is quitting business following FTX collapse
Read more »
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit – Exchanges Bitcoin NewsThe group, led by Ray Nasser, CEO of Arthur Mining, a Brazilian-led cryptocurrency mining company, will bring the class-action lawsuit against FTX.
Read more »