Tuesday, November 29, 2022

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



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...