Federal prosecutors are investigating Block, the fintech company owned by Jack Dorsey, which includes Cash App and Square, for processing transactions that may have violated U.S. sanctions and involved terrorist groups. The inquiry stems from allegations that Block processed thousands of transactions involving countries under economic sanctions and multiple cryptocurrency transactions for terrorist organizations. Former employees have cooperated with the investigation, submitting 100 pages of documentation to support these claims. As a result of these allegations, Block's stock fell by 8.0%.
Federal prosecutors are examining financial transactions at Block, owner of @CashApp and @Square. Internal documents indicate Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions (Cuba, Iran,… https://t.co/WRyAoB0Li2
📣 Latest News: US probes Jack Dorsey's Block, Inc. over financial transactions: Report #news #cryptonews #crypto
Jack Dorsey's @blocks Faces #DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groups #NewsBytes https://t.co/wyNyCe0y0Q
U.S. prosecutors are investigating Block, a cryptocurrency company founded by Twitter co-founder Jack Dorsey. Former employee submitted about 100 pages of documents showing that the company processed thousands of transactions involving countries subject to U.S. sanctions,…
NBC News reports federal prosecutors are investigating internal practices at Block for processing "thousands of transactions involving countries subject to economic sanctions" and "multiple cryptocurrency transactions for terrorist groups." https://t.co/TsMo9wjc2C
Fintech Block, owner of CashApp and Square, is being investigated by federal prosecutors for payments that could have violated U.S. sanctions. https://t.co/hAPadWcclO
BLOCK UNDER SCRUTINY: NBC NEWS UNCOVERS COMPLIANCE LAPSES - Fintech firm Block, including its @Square and @CashApp units, is facing federal scrutiny over alleged sanctions violations and regulatory non-compliance. - Former employees are cooperating with prosecutors, revealing… https://t.co/mYN3NzVtvY https://t.co/SMO2urofgZ
Feds Are Investigating Jack Dorsey's Block Over Bitcoin Biz: Report ► https://t.co/SCgKiBq2pD https://t.co/SCgKiBq2pD
More Federal FUD: @jack Jack Dorsey's @CashApp, @Square and @Block faces scrutiny from federal authorities over non-compliant crypto services per @NBCNews IMO: These are intended to FUD the market. This is permissionless software. Ignore. https://t.co/QUDMHCWffP
🚨BREAKING 🚨 Jack Dorsey's #Square and #CashApp units are being examined by federal prosecutors over alleged sanctions violations and other regulatory non-compliance issues.
BREAKING: TWITTER FOUNDER JACK DORSEY'S COMPANIES @SQUARE AND @CASHAPP ARE BEING EXAMINED BY FEDERAL PROSECUTORS OVER NON-COMPLIANT CRYPTO SERVICES
Jack Dorsey's Block faces scrutiny from federal authorities over non-compliant crypto services
❖ JACK DORSEY'S BLOCK FACES SCRUTINY FROM FEDERAL AUTHORITIES OVER NON-COMPLIANT CRYPTO SERVICES Federal prosecutors are scrutinizing Block’s crypto unit, working with whistleblowers to investigate the company's compliance practices, two sources familiar with the matter told…
Jack Dorsey's Block faces scrutiny from federal authorities over non-compliant crypto services: NBC News https://t.co/kkX6XHjrIl
The U.S. Attorney's Office is examining the financial transactions of Jack Dorsey's Block https://t.co/xSJH6xDQ4u
Feds probing financial transactions at Jack Dorsey’s Square, Cash App: report https://t.co/49m6SRkgpU https://t.co/mVrNZgH9YG
Feds Scrutinizing Block's Square And Cash App, Eyeing If Transactions Funded Terror And Skirted Sanctions https://t.co/XYo38qwA1R
Sources: US federal prosecutors are digging into internal practices at Block, discussing with an ex-employee alleged widespread and yearslong compliance lapses (@gmorgenson / NBC News) https://t.co/hujjjYdaxR 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/U30a9E1xUY
US prosecutors examining financial transactions at Block, NBC News reports https://t.co/yiObrcXysc https://t.co/WUKhEtcfJy
⚠️ US PROSECUTORS EXAMINING FINANCIAL TRANSACTIONS AT BLOCK, NBC NEWS REPORTS Full Story → https://t.co/0cGFd5fgQa U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter.
Block $SQ stock falls on NBC News report that federal prosecutors are examining financial transactions https://t.co/HCOuMxsln9 https://t.co/07PwxC8GBl
US federal prosecutors are examining Block transactions, NBC News reports https://t.co/zxKEYHmFgH
Federal prosecutors are examining financial transactions at Block, $SQ, owner of Cash App and Square
$SQ Feds probing financial transactions.
JUST IN: Block (CashApp, Square) $SQ is under examination by federal prosecutors for processing transactions for terrorist groups
$SQ (-8.0% pre) Federal prosecutors are examining financial transactions at Block (SQ), owner of Cash App and Square - NBC https://t.co/YcNbNygeZv
Federal prosecutors are digging into internal practices at Block, which owns Cash App and Square. An ex-employee claims Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to sanctions. https://t.co/v5KNboKywz
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square.. outstanding piece by @gmorgenson .. $SQ has man sized problems.. $MQ @StockJabber @HindenburgRes https://t.co/TMnKdVrkeB