Hindenburg Research on Thursday released a scathing report on Block's Cash App platform, alleging inflated metrics, fake accounts with names like "Donald Trump and "Elon Musk," and lack of ...

Hindenburg's two-year investigation focused primarily on Block's Cash App, a fintech program that doesn't require users to connect to traditional bank accounts. While Dorsey and co. would like ...

Cash App’s Barcelona-based business fined for anti-money laundering and terrorist financing failures, while Hindenburg Research shorts owner Block, citing ‘Wild West’ approach to compliance.

But it also offers mobile transactions through Cash App, which it owns. Hindenburg Research, a firm that made waves for betting against Adani Group in January, alleged in a new report that Block ...

Hindenburg alleges that there is even a Baltimore-based gang named after Cash App. In 2021, members of the “Cash App” gang were charged with distributing fentanyl, the report said.

A short seller report has accused Jack Dorsey's Cash App payments processor of facilitating fraud on a massive scale while taking a "Wild West" approach to compliance, predatory lending practices ...

The report makes a number of claims, but in our view the primary claim is that the Cash App business has been built largely through fraud. We have reviewed Hindenburg’s claims and find them ...

To illustrate Block’s allegedly blasé attitude regarding the app being a tool to facilitate crime, Hindenburg pointed out that Block CEO Jack Dorsey has bragged about Cash App being mentioned ...

Jack Dorsey-led Block Inc's (SQ.N), opens new tab first-quarter results will likely see investors zoom in on the payments firm's Cash App business following U.S. short-seller Hindenburg Research's ...

After taking a short position in Block, Hindenburg alleged in the report that the payments firm overstated its Cash App user numbers and understated its customer acquisition costs. Short sellers ...