NFT News Today Official TheBitTimes.com

SEC takes legal action against Prager Metis, auditor of bankrupt crypto exchange FTX. Prager Metis is accused of breaching auditor independence rules by adding indemnification provisions. Lack of transparency and ethical concerns raise questions about auditing practices in the cryptocurrency industry. The United States Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the audit or of the now-bankrupt cryptocurrency exchange FTX , alleging multiple breaches of audit or independence rules. The SEC has accused Prager Metis of failing to maintain the required independence while providing auditing services to its clients. This violation of auditor independence rules is a serious issue that can have significant repercussions in the financial industry. SEC charges against Prager Metis  According to the SEC, Prager Metis added indemnification provisions to engagement letters for more than 200 audits, reviews, and exams con...

The ongoing drama between Ben Armstrong (aka BitBoy ) and his former team at Hit Network continues to devolve. Incredible claims have been leveled against both sides and now Armstrong has been arrested in Duluth, Georgia. The influencer claims to have lost everything and had previously reached out to his audience to garner thousands of dollars in donations. His next move was to livestream himself driving to the home of the individual in possession of the Hit Network company Lamborghini that had been confiscated from him. He was subsequently arrested for arrested for “loitering/prowling” and for “simple assault by placing another in fear.” He was released “after eight hours in the slammer” on a $2,600 bond. Troubling details As the stream unfolded, it became increasingly evident that there was someone there with Armstrong, namely a woman he was having an affair with. It was also revealed that he had a loaded firearm in his backseat — il Le...