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Block said it is working with the SEC on how to “explore legal action against Hindenburg Research for the factually inaccurate and misleading report”. American multinational financial technology giant Block Inc (NYSE: SQ) is currently under intense pressure following a damning report from short seller, Hindenburg Research. According to the report,
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“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in
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And of course, any discussion of crypto in 2022 would be incomplete without discussing our first proper Crypto Credit Crisis, which began with a glut of crypto lenders promising yield to customers in exchange for deposits and culminated with the arrest in the Bahamas and extradition to the U.S. of
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