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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Cryptocurrency Fallout

Longfin shares dropped by 86 percent on April 3, from $71.10 per share in late March, after the company announced that its acquisition of cryptocurrency lender Ziddu.com spurred a regulatory investigation that led to a court-imposed freeze on $27 million in illicit trading proceeds, investors claim in a federal class action.

MANHATTAN - Longfin shares dropped by 86 percent on April 3, from $71.10 per share in late March, after the company announced that its acquisition of cryptocurrency lender Ziddu.com spurred a regulatory investigation that led to a court-imposed freeze on $27 million in illicit trading proceeds, investors claim in a federal class action.

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