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

Reuters

06/10

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.

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Announces Dismissal of Accounting Firm Following SEC Ban, Restates 2023 Financial Statements\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\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 smaller\">2025-06-10 04:48</p>\n</div>\n</a>\n</h4>\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. 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ID: 0001641172-25-014329), on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4134","symbol_name":"信息科技諮詢與其它服務","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. 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