Some US auditors say FTX’s collapse has led them to designate crypto clients as “high risk”, resulting in longer audits, higher fees, or dropping clients (Stephen Foley/Financial Times)

Some US auditors say FTX’s collapse has led them to designate crypto clients as “high risk”, resulting in longer audits, higher fees, or dropping clients (Stephen Foley/Financial Times)

Stephen Foley / Financial Times:
Some US auditors say FTX’s collapse has led them to designate crypto clients as “high risk”, resulting in longer audits, higher fees, or dropping clients  —  Collapse of Sam Bankman-Fried’s company highlights risks in industry where accounting rules are only half-formed