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They claimed to have passed:

2021-07-21 "Yesterday, FTX became the first (?) crypto derivatives exchange to complete a GAAP audit!" -- https://mobile.twitter.com/sbf_ftx/status/142135472191111577...

2021-08 -26: "Both @FTX_Official and @ftx_us have passed US GAAP audits and plan to continue getting audits going forward." --https://twitter.com/SBF_FTX/status/1431087427154849795



He doesn't seem to mention what third party completed the audit, and given what we know about FTX's accounting now that means it was either an internal audit or SBF was lying.


Coindesk seems to have obtained the audited financials and reported on them: https://www.coindesk.com/layer2/2022/11/18/a-complete-failur...


I assume they were counting the FTT tokens as actually holding value when they were propped up




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