The advisory and accounting firm agreed to pay $745,000 to the SEC to resolve negligence-based fraud charges over its past audits of Sam Bankman-Fried’s trading platform FTX.

Prager Metis, a former auditor for now-defunct cryptocurrency trading platform FTX (FTT-USD), has agreed to pay $1.95M to resolve charges brought by the U.S. Securities and Exchange Commission, including allegations of negligence in auditing the collapsed exchange,

SEC Settled with Prager Metis for negligence and audit violations related to FTX, highlighting the importance of competent auditing

A former auditor for FTX will pay $1.95 million to settle two U.S. Securities and Exchange Commission cases, including for alleged negligence in auditing the cryptocurrency exchange Sam Bankman-Fried led before being convicted of fraud.