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SEC Sues FTX Auditor For Violating Independence Rules

By Katryna Perera · September 29, 2023, 3:42 PM EDT

The U.S. Securities and Exchange Commission filed a lawsuit Friday in Florida federal court against an accounting firm that audited FTX prior to the cryptocurrency exchange's high-profile bankruptcy, accusing it of...

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Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

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Documents

Related Sections

Case Information

Case Title

Securities and Exchange Commission v. Prager Metis CPAs, LLC et al

Case Number

1:23-cv-23723

Court

Florida Southern

Nature of Suit

Securities/Commodities

Date Filed

September 29, 2023

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