On September 18, The Block reported that the U.S. Securities and Exchange Commission had reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve two charges.
It is reported that the SEC accused Prager Metis of submitting two suspicious audit reports between February 2021 and April 2022, which "falsely stated" the financial condition of FTX and failed to meet generally accepted auditing standards.
