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 <strong><a href="http://www.courthousenews.com/wp-content/uploads/2018/04/cryptocurrency.pdf">federal class action</a></strong>.

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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