ChainCatcher news, according to Cointelegraph, the U.S. SEC has reached a settlement with Ideanomics over a $40 million cryptocurrency revenue fraud financial reporting.The SEC accused Ideanomics of reporting over $40 million in revenue through false accounting related to cryptocurrency trading in 2019. This false reporting led to an overstatement of financial statements, deceiving shareholders and the public, causing them to misunderstand the company's financial condition.Reportedly, all parties involved agreed to the settlement, neither admitting nor denying the findings of the U.S. SEC's investigation. Former Chairman and CEO Bruno Wu agreed to pay over $3.3 million in illegal gains, pre-judgment interest, and a $200,000 penalty.Ideanomics agreed to pay a $1.4 million fine and will hire an independent compliance consultant to review and strengthen its internal accounting controls.

ChainCatcher news, the George Polk Awards have awarded the Financial Reporting Prize to CoinDesk's Ian Allison and Tracy Wang, recognizing their reporting on Alameda's balance sheet situation in early November last year, which prompted the collapse of FTX in just ten days. Allison revealed suspicious transactions between two entities controlled by SBF, while Wang depicted the luxurious lifestyle of SBF's inner circle, triggering a situation similar to a bank run, leading to FTX's bankruptcy and widespread federal fraud charges.It is reported that the George Polk Awards are journalism awards established by Long Island University in 1949, regarded as the Pulitzer Prize of journalism. Each year, several awards are given across various categories, including reporting, feature writing, exclusive reporting, photography, television, radio, and online media. Works that receive this award typically possess depth, breadth, and impact, capable of influencing public opinion on a global scale. (Source link)