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