“As a result of Prager’s audits of FTX had been carried out with out due care, for instance, FTX traders lacked essential protections when making their funding selections. Finally, they had been defrauded out of billions of {dollars} by FTX and bore the results when FTX collapsed,” stated Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, in a press assertion.
