The Hindenburg allegations drive home the deep conflict of interest inherent to this dynamic. Whether or not it was a conscious, deliberate strategy on the part of Cash App, using the app for illicit transactions did, in whatever small way, feed into its bottom line. This is even more obvious and direct when banks cater to criminal customers.
What Hindenburg Research’s Takedown of Block Says About Money and Crime
Written by Bankerage Published on March 31, 2023