Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements

Reuters

Jun 10

Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements

Crypto Co. has announced a significant regulatory issue involving its financial statements. On May 3, 2024, the Securities and Exchange Commission $(SEC.UK)$ barred BF Borgers CPA PC, the company's former independent registered public accounting firm, from practicing before the SEC. This led to the dismissal of Borgers on May 8, 2024, and the engagement of Bush & Associates CPA LLC as the new independent auditor. Following discussions with Bush, Crypto Co.'s management and board determined that the company's audited financial statements for the year ended December 31, 2023, previously included in the 2023 Form 10-K, could no longer be relied upon. This prompted a restatement of the financials, highlighting potential material weaknesses in the company's internal controls. An amendment to the 2023 Form 10-K was filed on June 2, 2025, to reflect the restated financial statements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crypto Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014329), on June 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2542301093"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2542301093\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2542301093?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-10 04:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2542301093","market":"us","top_or_hot":-1,"title":"Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Crypto Co. has announced a significant regulatory issue involving its financial statements. On May 3, 2024, the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a> barred BF Borgers CPA PC, the company's former independent registered public accounting firm, from practicing before the SEC. This led to the dismissal of Borgers on May 8, 2024, and the engagement of Bush &amp; Associates CPA LLC as the new independent auditor. Following discussions with Bush, Crypto Co.'s management and board determined that the company's audited financial statements for the year ended December 31, 2023, previously included in the 2023 Form 10-K, could no longer be relied upon. This prompted a restatement of the financials, highlighting potential material weaknesses in the company's internal controls. An amendment to the 2023 Form 10-K was filed on June 2, 2025, to reflect the restated financial statements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crypto Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014329), on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-10 04:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Crypto Co. has announced a significant regulatory issue involving its financial statements. On May 3, 2024, the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a> barred BF Borgers CPA PC, the company's former independent registered public accounting firm, from practicing before the SEC. This led to the dismissal of Borgers on May 8, 2024, and the engagement of Bush &amp; Associates CPA LLC as the new independent auditor. Following discussions with Bush, Crypto Co.'s management and board determined that the company's audited financial statements for the year ended December 31, 2023, previously included in the 2023 Form 10-K, could no longer be relied upon. This prompted a restatement of the financials, highlighting potential material weaknesses in the company's internal controls. An amendment to the 2023 Form 10-K was filed on June 2, 2025, to reflect the restated financial statements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crypto Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014329), on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4134","symbol_name":"信息科技咨询与其它服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL8GfMS2:1","article_id":"2542301093","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542301093","pubTimestamp":1749502121,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Crypto Co. has announced a significant regulatory issue involving its financial statements. On May 3, 2024, the Securities and Exchange Commission  barred BF Borgers CPA PC, the company's former independent registered public accounting firm, from practicing before the SEC. This led to the dismissal of Borgers on May 8, 2024, and the engagement of Bush & Associates CPA LLC as the new independent auditor. Following discussions with Bush, Crypto Co.'s management and board determined that the company's audited financial statements for the year ended December 31, 2023, previously included in the 2023 Form 10-K, could no longer be relied upon. This prompted a restatement of the financials, highlighting potential material weaknesses in the company's internal controls. An amendment to the 2023 Form 10-K was filed on June 2, 2025, to reflect the restated financial statements.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4134":"信息科技咨询与其它服务","CRCW":"The Crypto Company"},"translate_title":"Crypto Co.在SEC禁令后宣布解雇会计师事务所，重述2023年财务报表","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRCW":0.9},"content_text":"Crypto Co. Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements\n    \n\n        Crypto Co. has announced a significant regulatory issue involving its financial statements. On May 3, 2024, the Securities and Exchange Commission $(SEC.UK)$ barred BF Borgers CPA PC, the company's former independent registered public accounting firm, from practicing before the SEC. This led to the dismissal of Borgers on May 8, 2024, and the engagement of Bush & Associates CPA LLC as the new independent auditor. Following discussions with Bush, Crypto Co.'s management and board determined that the company's audited financial statements for the year ended December 31, 2023, previously included in the 2023 Form 10-K, could no longer be relied upon. This prompted a restatement of the financials, highlighting potential material weaknesses in the company's internal controls. An amendment to the 2023 Form 10-K was filed on June 2, 2025, to reflect the restated financial statements.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crypto Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014329), on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}