Major accounting firm BDO just took a massive hit—slapped with a £6 million penalty for professional misconduct. Two of its former partners are also facing consequences in what appears to be a serious regulatory crackdown.

The fine sends shockwaves through the auditing world, especially as compliance standards tighten across financial sectors. For crypto and fintech companies relying on reputable auditors, this raises questions about due diligence practices industry-wide.

Regulatory bodies aren't playing around anymore. When traditional finance giants stumble on compliance, it's a reminder that no one's immune—whether you're auditing legacy banks or emerging blockchain projects. The accountability bar just got higher.