Animoca Brands was given an extension until the end of Q1 this year for publishing audited 2020 accounts, but it is yet to do so.
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Animoca Brands is yet to produce a long-delayed set of accounts for 2020. But it is now the events of 2021 and 2022 — the first a year of wild exuberance in crypto markets, the second one marked by catastrophe — that are holding them up.
"The biggest part is essentially the subsequent events. Because the auditor is not simply going to be looking at what's happening now, what happened in 2020, and close it off. They also have to look at the events that happened in 2021 and 2022," Siu said."Let's say we made an investment in 2020, and it had an impact in 2021 or 2022, they want to reflect that impact in the 2020 accounts… And that's basically what's causing quite a bit of the delays.
For Animoca, such wild swings present a unique problem. The company has made around 450 investments in web3 projects, according to Siu, and sits on a trove of highly volatile tokens. Placing a value on that haul is no mean feat. Its audited 2019 accounts — which DFK International signed off on — were filed in July last year after delays.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Data: Breaking down Arizona household numbers from the 2020 censusMarried couples are still the largest share of households but are not a majority and have not been since the 2000 census. The share of married households nationwide declined over two percentage points between the 2010 and 2020 census from 48.4% to 46.3%.
Read more »
AI frenzy leading Palantir's stock to best month since November 2020Shares of Palantir Technologies Inc. were riding higher in Tuesday's market action as they roared toward their best month in two and a half years.
Read more »
Phoenix becomes largest U.S. city to successfully challenge 2020 census numbersPhoenix has become the largest U.S. city to successfully challenge its population count from the 2020 census after claiming that dozens of group homes, jails and drug and alcohol treatment centers were overlooked during the nation’s head count.
Read more »
Phoenix becomes largest U.S. city to successfully challenge 2020 census numbersPhoenix has become the largest U.S. city to successfully challenge its population count from the 2020 census after claiming that dozens of group homes, jails and drug and alcohol treatment centers were overlooked during the nation's head count.
Read more »
Sammy Hagar's happy he reconciled with Eddie Van Halen before guitarist's death in 2020Sammy Hagar was able to reconcile with Eddie Van Halen before his death in 2020: 'I was mad. I was hurt ... it's very important that we connected.'
Read more »