CRYPTO VIDEO (18 September): Trump-backed crypto raises concerns; Prager Metis fined for FTX audits
Donald Trump’s endorsement of World Liberty Financial has raised eyebrows, with analysts warning that the project could be risky, with reportedly 70% of tokens going to company insiders.
In other news, accounting firm Prager Metis will pay $1.95M to settle SEC charges after misrepresenting audits of FTX.
Meanwhile, the fraud trial of Celsius founder Alex Mashinsky is underway, following the collapse of the crypto lender that froze 1.7 million customer accounts.
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