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FTX Auditor Defends Work as New CEO Blasts Financials (1)

Nov. 18, 2022, 3:48 PMUpdated: Nov. 18, 2022, 3:56 PM

The auditors of FTX Trading Ltd. are defending their work, even after the new management of the imploded crypto exchange lambasted the auditors in a stunning bankruptcy filing.

“We believe the financial statements of FTX Trading Ltd. as of 12/31/21 were fairly stated and we stand behind our audit opinion,” Prager Metis CPAs LLC said in a statement to Bloomberg Tax. The New York-headquartered accounting firm says it has more than 100 partners and principals, more than 600 team members, and 24 offices worldwide.

FTX’s new CEO John J. Ray III, who oversaw the liquidation of Enron Corp., said Thursday ...