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Block’s Cash App facilitating “frictionless” fraud alleges Hindenburg

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Thomas Hyrkiel profile image

Thomas Hyrkiel

2 min read

The shortseller’s report lists multiple key compliance lapses at Block and suggests these may be helping to enable criminal and illegal activity utilising the app.

Hindenburg Research published an extraordinary report about Block Inc. on Thursday March 23. The primary objective of the report is to suggest that investors are radically wrong about the current share price and future prospects of the company. Hindenburg Research is a short-seller which has taken short positions in Block

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