LCLP acquired the Belfrics entities intending to enter the blockchain and cryptocurrency industry. At the time, the companies planned an aggressive expansion and scalability of Belfrics' operations. Due to the nature of the cryptocurrency business and the multiple jurisdictions Belfrics was operating in,
Most recently, LCLP’s PCAOB auditor resigned, citing lack of resources and expertise related to Belfrics’ multi-jurisdictional digital assets. The circumstances surrounding the FTX bankruptcy have provided additional difficulties in identifying any alternative auditor to complete
As a result of all the above,
For more information on
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