The accounting firm Armanino has suspended its cryptocurrency audit business after facing a lawsuit for auditing FTX.US

ChainCatcher news, according to a report by Forbes citing two informed sources, Armanino is pausing its cryptocurrency audit business. It is reported that last month, Armanino faced a lawsuit from FTX customer Stephen Pierce for failing to detect violations after auditing FTX.US last year. Armanino is concerned about the risk of damage to its company reputation, which is why it is pausing its cryptocurrency audit business.

Previously reported, the auditing firm Mazars has also paused its services for cryptocurrency clients. (source link)