Tether's Former Auditor Fined $1M by SEC for Sloppy Accounting

The U.S. Securities and Exchange Commission (SEC) filed and settled charges past week against Friedman LLP, the erstwhile auditing steadfast of stablecoin issuer Tether, uncovering “serial violations of the national securities laws” and galore instances of “improper nonrecreational conduct,” according to an bid published Monday.