Market Wrap: Investors Continue to Learn More About FTX's Mismanagement

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

JPRubin23 Still bullish for Bitcoin for the long term!

JPRubin23 This is good news. My long on bitfinex is still open

JPRubin23 Considering Bitcoin has nothing to do with FTX this is a very poor headline...

JPRubin23 I think the Crypto market has absorbed enough panic and people are not too surprised anymore. Unless we have new developments that can cause serious fear.

JPRubin23 That's all ftx had, The price hit bottom with the ftx Hack. If another exchange falls, so will Bitcoin

JPRubin23 pi network currency and blockchain is not just a currency, it is a very subtle science that is studied through special books ✅️

JPRubin23 Fomenting much?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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 JPRubin23 Thankss a millon JPRubin23 Thankss a millon JPRubin23 A landscape of destruction. I hope Ian frames the faces of the bankrupt families he helped wreck.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

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.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

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. Aint you surprised that nobodyyy is talkinnn about thiss? BOOM! Another winning signal today from ChiefraFba Amazing! I have recently started using ChiefraFba for signals, his accuracy is INSANE!
La source: BTCTN - 🏆 531. / 51 Lire la suite »