A Delaware court recently received an explosive lawsuit: shareholders of a leading compliance platform have collectively struck back. They accuse the company’s CEO and board members (including well-known investor Marc Andreessen) of playing a dangerous game – fully aware that there are significant holes in their AML and KYC practices, while concealing the risk of data breaches, yet remaining silent.

What’s even more outrageous? These executives quietly cashed out $4.2 billion while the stock price was artificially inflated. The shareholders are furious now: isn’t this a clear case of insider trading? The lawsuit documents show that the platform has been well aware of the compliance loopholes for years but chose to cover it up. Now that the situation has escalated, let’s see how these executives will end up.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

StakeWhisperer

· 11h ago

420 million USD was just trapped like that, how long can the compliance loophole be covered up? Impressive.

View OriginalReply0

MetaverseVagabond

· 11h ago

4.2 billion dollars in cashing out? This operation is really incredible, a typical insider trading. --- Daring to cover up compliance loopholes, how can this platform claim to be "top tier"? --- Marc Andreessen is involved too? The web3 investment circle is getting more and more ridiculous. --- Another case of insider trading and data leakage, this is the real rug pull. --- Shareholders are suing the board, the Delaware court is about to issue a sky-high compensation again. --- Can't even manage AML KYC, yet have the audacity to be a compliance platform? --- Cashing out 4.2 billion at inflated stock prices, I've seen this script too many times. --- Knowing there are holes but not speaking up, how bold must one be?

View OriginalReply0

airdrop_huntress

· 11h ago

Oh, this is the real insider, a Compliance platform that isn't even compliant? --- 4.2 billion directly cashed out, how insecure do you have to be to do this? --- Marc Andreessen is involved too? Web3's reputation is about to be ruined. --- After hiding for years, they are still lively until the moment they are exposed... a classic trap. --- So they know about the loopholes but play blind? This is even more absurd than those scam platforms. --- It's over, now all platforms claiming to be compliant will have to be scrutinized. --- If insider trading is confirmed, these executives will lose everything. --- Where's the promised AML? Turns out they are money laundering themselves, haha. --- Data leak risks "hidden away"? This is intentional concealment, everyone. --- The shareholders' anger is completely justified this time, they should sue.

View OriginalReply0

AirdropDreamBreaker

· 11h ago

Haha, here we go again, the compliance platform crash site, this is Web3, brother --- 4.2 billion in cashing out, that's quite harsh... this time they probably can't run away --- Covering things up doesn't work anymore, transparency is the key, alright? --- Marc is involved too? Even the pro can't save this situation --- Wait, they really haven't fixed the KYC loophole? How ridiculous is that? --- The compliance platform itself isn't compliant, that's really ironic, haha --- The shareholders are truly angry this time, the lawsuit is probably going to be very lively --- Insider trading + concealing loopholes, the double charges are truly something --- Can data breach risks still be covered up? That's just looking for death in the encryption circle --- 4.2 billion... it seems like the executives knew something was about to happen long ago.

View OriginalReply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
231.43K Popularity
#DecemberMarketOutlook
26.13K Popularity
#GIGGLEAndPIPPINSurge
4.57K Popularity
#LINKETFToLaunch
4.26K Popularity
#SharingMy100xToken
3.99K Popularity

Hot Gate FunView More

1
HEROMETAHERO
MC:$3.46KHolders:2
0.33%
2
LOM龙脉LOM龙脉
MC:$3.38KHolders:1
0.00%
3
Test.ProdTest.Prod
MC:$3.38KHolders:1
0.00%
4
KOKO
MC:$3.42KHolders:494
0.00%
5
UGANDAUgandan Knuckles
MC:$3.42KHolders:1
0.33%

Sitemap