19% p.a.
binanceservices-ethusdt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. 19 Days active 410 …
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| BNXYF | negatively | The ticker BNXYF is believed to be mentioned somewhere to say that it’s an affected ticker , which Americans know as Block, Inc. , will be affect with negative investor sentiment, potential loss of confidence and decline in stock price due to the ongoing class-action lawsuit and previous loss of financial performance to illegal activities. This can cause financial stress on company shares, leading to fluctuating stock prices and potential declines, as investors may react to allegations therefore costing it investors to song exodus. |
| BTC-USD | negatively | The allegations of widespread illegal activities, including money laundering and terrorism financing, on Block, Inc.’s platforms, which encouraged the use of Bitcoin, could lead to increased regulatory scrutiny and potential restrictions on cryptocurrency transactions. This could negatively impact the demand and price of Bitcoin (BTC-USD) as investors may become more cautious about using it for transactions on platforms with such compliance issues. Additionally, the reputational damage to Block, Inc. could reduce confidence in the overall cryptocurrency market, further affecting the value of Bitcoin. |
our strategies and bots using these tickers
summary
Block, Inc. Investors Reminded of March 18, 2025 Deadline in Securities Class Action
Passive Fund Management Strategies
NEW YORK, March 08, 2025 — Rosen Law Firm, a globally recognized investor rights law firm, has issued a reminder to purchasers of Class A common stock of Block, Inc. (ticker: SQ) between February 26, 2020, and April 30, 2024, about the crucial March 18, 2025, deadline for lead plaintiff in case of a securities class action. Investors who bought shares during this period may be entitled to compensation for losses incurred. The lawsuit alleges a series of compliance lapses and misleading statements made by Block, Inc. regarding its Square and Cash App platforms, which were allegedly widely used for illegal and illicit activities, including money laundering, terrorism financing, and child sexual exploitation. The plaintiffs also claim that Block failed to adequately address these issues, despite numerous red flags and internal reports.
Key Allegations:
- Widespread Illegal Activities: Thousands of transactions on Square and Cash App were allegedly connected to criminal activities, including sanctions violations, drug, and sex trafficking.
- Inadequate Customer Verification: Block allegedly failed to perform basic due diligence on customers, allowing illegal activities to go undetected and unchecked.
- Regulatory Complaints: Block’s practices were allegedly inflating user metrics through fake accounts and encouraged the use of Bitcoin, allowing criminals to open multiple accounts.
- Non-Compliance and Employee Complaints: Allegations claim that senior leadership and the Board of Directors failed to adequately respond to these compliance deficiencies. Reputational, regulatory, and operational risks impacted Block’s financial results negatively. The lawsuit claims that Block could have avoided these issues if compliance deficiencies were appropriately addressed. According to the claim, the company failed to investigate and expose the number of Illegal transactions on its platforms.
What Investors Need To Do
Shareholders of Block who suffered losses of $100,000 or more during the Class Period are encouraged to promptly act by contacting Rosen Law Firm. Investors who qualify must engage legal counsel prior to March 18, 2025. ANY investors can work with their own chosen legal representatives for potential representation. Investors are encouraged to contact Rosen Law Firm for more details, including steps required to participate in the class-action lawsuit. The Rosen Law Firm is renowned for its engagement in securities class actions and shareholder derivative litigation. The firm is known for reaching substantial settlements, securing over $438 million for investors in 2019, and multiple high-profile cases against Chinese companies. Distraught investors are urged to explore legal options before the deadline expires.
