Prager Metis Reaches Deal With FTX Victims Over ‘Clean’ Audit

Public accounting firm Prager Metis CPAs LLC has reached a proposed settlement with FTX cryptocurrency and account holders allegedly harmed by the exchange’s collapse, according to a federal court filing.

The amount Prager has agreed to pay to settle class claims it conducted a “clean” 2020 audit of FTX Trading and FTX US hasn’t been made public yet. A request for preliminary court approval—in which settlement terms typically become available—is expected within about 90 days, the parties told the US District Court for the Southern District of Florida Thursday.

• The plaintiffs allege Prager Metis and another firm, Armanino LLP, reported ...