FTX had 80,000 uncategorized transactions in Ask My Accountant

FTX is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. It recently released its first debtors report in bankruptcy proceedings which included this statement on uncategorized transactions:

"Approximately 80,000 transactions were simply left as unprocessed accounting entries in catch-all QuickBooks accounts titled 'Ask My Accountant.’"

Yikes!

We’d like to think that Uncat could have helped FTX with all of these uncategorized transactions, but obviously FTX had bigger problems including allegations of fraud.