, 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.
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?
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